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Bridging Loans

  • Specialist bridging loan advisors

  • Access to the best rates

  • Fast application and turnaround time

See what rates you have access today

Bridge Loans Nottingham

What is Bridging Finance?

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Bridging finance is a short-term loan designed to help individuals or businesses bridge the financial gap between two transactions. Commonly used in real estate, it provides immediate funding for purchasing a new property while awaiting the sale of an existing one. Bridging loans can also be utilized for other purposes, such as managing cash flow, completing renovation projects, or securing auction purchases.​

 

Key Features

Fast Access to Funds: Receive financing quickly to seize time-sensitive opportunities.

Flexible Terms: Tailored repayment options to fit your unique situation.

Secured Loans: Typically secured against an asset, such as property, ensuring competitive rates.

​​​Varied Use Cases: Ideal for property purchases, renovation projects, or short-term business needs.

Book an Appointment

Have a free initial conversation with one of our friendly mortgage advisors to find out more about your circumstances and to help to find the best solution for you.

Benefits of Bridging Finance

There are several situations why you would need a Bridging Loan, these are just a few of the most common reasons:

Speed

Unlike traditional loans, bridging loans are processed quickly, often within days.

Flexibility

Borrowers can use funds for various purposes beyond property transactions.

Short tern Solution

Perfect for managing temporary financial gaps without long-term commitments.

Opportunity

Allows you to act swiftly on time-sensitive transactions, such as property auctions.

Business Consultation
How does Bridging Finance work?

1. Application - You provide details about the required amount and purpose of the loan.

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2. Approval - Upon assessment of your financial situation and security asset, the loan is approved quickly.

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3. Funds Transfer - Once approved, funds are transferred promptly to facilitate your needs.

 

4. Repayment - Pay off the loan within the agreed term, either through asset sale proceeds or refinancing.

Bridging Finance - Frequently Asked Questions

What is bridging finance used for?

Bridging finance is typically used for real estate transactions, such as purchasing a new property before selling your current one. It can also be used for renovations, business needs, or auction purchases.

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How quickly can I get a bridging loan?

Bridging loans are designed for speed and can often be processed and approved within a few days

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What is the typical duration of a bridging loan?

Most bridging loans are short-term and last from a few weeks to 12 months.

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What security is required for a bridging loan?

Bridging loans are usually secured against an asset, such as real estate or other high-value property.

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What are the interest rates for bridging loans?

Interest rates for bridging loans tend to be higher than traditional loans but are competitive due to their short-term nature and secured status.

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Can I get a bridging loan with bad credit?

Approval depends on the value of the security asset and the repayment plan rather than solely on credit history, making it possible to get a loan even with poor credit.

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How do I repay a bridging loan?

Bridging loans are typically repaid through the proceeds of a property sale, refinancing, or other planned financial arrangements.

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What happens if I can’t repay the loan on time?

Failure to repay on time could lead to additional interest or penalties. It’s essential to have a clear repayment plan in place.

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Are there fees associated with bridging loans?

Yes, there may be fees for arrangement, valuation, and legal costs. Always check the full terms before proceeding.

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Is bridging finance regulated?

In many regions, bridging loans are regulated by financial authorities to ensure transparency and protect borrowers. Check with your provider for specific regulatory details.

Have More Questions? We’re here to make your secured loan application smooth and stress free! Contact us for personalised guidance and answers to any other questions you have!

Contact us today!

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0115 990 2551

Email 

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Contact Us Here

Registered Address: 

13-15 Clarendon Street, Nottingham, NG1 5HR

Your Mortgage Manager Ltd trading as Your Mortgage Manager

Company Number 13814994

E: info@yourmortgagemanager.co.uk

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON YOUR MORTGAGE.

Your Mortgage Manager Ltd is an appointed representative of Beneficial Ltd, which is authorised and regulated by the Financial Conduct Authority, FCA number 736655. Your Mortgage Manager is authorised and regulated by the Financial Conduct Authority, FCA number 970643

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