What is a bridging loan?

A bridging loan is a short-term loan used for property purchases in the UK. It ‘bridges’ the gap until you can get long-term finance like a mortgage or sell another property. Unlike a mortgage, you repay the full loan amount plus interest in one lump sum at the end of the term (usually 12 months).

You’ll need an ‘exit strategy’ to repay the loan, such as selling a property or refinancing with a mortgage. Bridging loans are secured against property, so interest rates are lower than personal loans. The loan amount depends on your exit strategy and the property value.

Common uses of bridging loans

The key benefits are speed of funding and no monthly payments – the interest rate is added to the loan cost. This protects your cash flow until you can repay the loan.

Lenders consider you a lower risk as the bridging loan is secured. An experienced bridging loan broker can guide you through the process and find competitive rates from specialist lenders.

Our bridging loan services

Expert Mortgage Brokers offers fast, friendly, and professional service to secure bridging loans at the best rates.

Bridging loan criteria

Ready to connect with a bridging finance broker? Contact us to discuss your specific needs.

Types of bridging loan

Ready to take the next step? Contact us today to explore your bridging loan options and secure your funding quickly and easily!

Open bridge loan

Unlock your dream property with a flexible open bridge loan. Apply now and secure quick funding without long-term commitment.

Closed bridge loan

Simplify your property transactions with closed bridge loan. Act fast to get competitive rates and a smooth, seamless process.

Residential bridging loans

Secure your dream home quickly with our residential bridging loans. Act now and simplify your transition to a new property!

Refurbishment bridge loans

Transform your property with ease using our refurbishment bridge loans. Contact us today to finance your renovation project effortlessly!

Regulated bridging loans

Stay compliant while funding your property needs with our regulated bridging loans. Get in touch to ensure a smooth process!

Large bridging loans

Need substantial funding quickly? Our large bridging loans provide the capital you require. Reach out to us for fast approval!

Bad credit bridging loans

Don’t let bad credit hold you back. Our bad credit bridging loans are here to help. Apply now to get the support you need!

Second charge bridge loans

Unlock additional funding with our second charge bridge loans. Contact us to leverage your existing property equity today!

Commercial bridging loans

Unlock fast, flexible financing with our Commercial Bridging Loans. Perfect for seizing opportunities, funding projects, or managing cash flow efficiently. 

Bridging finance: costs and considerations

How much do bridge loans cost? When you use a bridging loan, it is important to be aware of the various fees involved. For the best bridging loan, understanding these costs is crucial.

Valuation fees

To be approved for a bridging loan, you’ll usually have a valuation on your property. Often, we can approach lenders on your behalf who will do a desktop or automated valuation, saving you time and money.

Arrangement fees 

Costs tend to include lender arrangement fees, which usually amount to a percentage of the loan, typically around 2%.

Exit fees

Lenders sometimes charge a redemption fee when the loan comes to an end. However, most of the lenders we work with do not charge exit fees.

Legal fees

Both yourself and the lender will require legal representation. Speak to your adviser who can provide an indication of cost. Some lenders have solicitors who can represent both themselves and you (dual rep), which can help save you time and money.

Our expert says

“Securing a bridging loan can be a practical solution when you need immediate funding, especially for short-term ventures such as property acquisitions or development projects. While bridging loans are typically short-term and often come with higher interest rates, they can fill financial gaps quickly and effectively. Remember to evaluate your options carefully, comparing lenders and understanding the full scope of rates and fees involved, to ensure you get the best bridging loan that meets your needs.”

— Jahed Mirza, Director, Expert Mortgage Brokers