Bridging finance acts as a short term loan (between 3-24 months). These are used to bridge the time gap between the sale of a property or refinancing into a term loan. These loans may be secured on either the old property, the new one or both together. A valuation of the properties involved is required in order to secure this type of loan.

Whilst the rates you pay are generally higher for this type of loan, Bridging can often be used in situations where funds are required sooner and for short term requirements such as auction properties, property refurbishing and prompt purchases.

Bridging loans can be sourced relatively quickly, this is subject to lenders being satisfied on exit strategy.