Bridging Loans & Finance

What is a bridging loan?

Bridging Loans are usually taken out when there is a need for a short term requirement of a large sum of money i.e. to purchase a property or a building plot or to cover temporary shortfalls in finance. You may need a bridging loan to help you to buy a new home before you have sold your existing property.

Bridging loans in general are repaid within 6 months but can often be repaid in a shorter time period. There are many different types of bridging loans available, however the most common situations are where you wish to purchase a property but have not yet completed the sale of your existing property, when you wish to purchase a property at auction or needed for property development.

As an independent mortgage broker authorised by the FSA, Orchard are able to help you find a bridging loan from the whole of market.

To find out more information please contact us

Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances but will be a maximum of £250, this fee will be payable on completion.
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.