Bridging Finance.

A bridge loan allows you to purchase a property before you've sold your existing one. It's also commonly used to fund renovations or a new build project before a traditional mortgage can be secured. Because of its short-term nature, it's sometimes called a swing loan, gap financing or interim financing.

If you're using a bridge loan to purchase a new home while your current one is on the market, equity in your current home can serve as the deposit on the new purchase. Bridging finance is available to both individuals and businesses, with products tailored to a wide range of scenarios.

A business bridging loan gives companies access to short-term commercial finance — providing you meet the eligibility criteria and have a valid exit strategy. It's often used to ease working capital pressure, cover short-term cash flow challenges, or hold the line while longer-term funding (such as equity investment) completes.

A property bridging loan is particularly useful when you want to buy a property but are waiting for the sale of an existing one to complete, or if a chain falls through. In most cases, you can roll up the monthly interest payments into the loan and settle everything at the end of the term.

Provided you have equity, a way of paying off the loan and sufficient security, it's often possible to obtain a property bridging loan even with an imperfect credit history.

Bridging loans fall into two categories — open and closed. A closed bridge loan has a fixed repayment date, typically used when you're buying a property and waiting for a confirmed sale to complete. An open bridge loan has no fixed repayment date, but will usually need to be cleared within 12 months.

If the property securing the loan has no other loans against it, you'll take out a first-charge bridging loan. If there's already an existing mortgage or loan, a second-charge bridge sits behind it. We can help you weigh up which structure best fits your circumstances.