Bridging finance refers to the bridge you build between the payment date of a property and you receiving the finances to pay for it, be it from the sale of another property or the funds from your mortgage coming through. It can be seen as a short-term loan and is especially helpful if you’re looking to break a ‘chain’, refurbish a property, or need to pay for an auction purchase. You can read more about why you would want bridging finance here.
Because bridging loans tend to be large loans to be paid back very quickly, they will usually be more expensive. These loans can get particularly pricey if there is any delay in payment so we strongly recommend you get advice from a mortgage specialist.
At Coreco, we have extensive experience finding mortgages of all kinds. We are experts in property finance and have close relationships with several banks, including private banks, meaning we can find offers that are otherwise unattainable on the high street. As well as the best finance options, we can also offer expert advice on your mortgage, including essential guidance on protecting yourself and how to give yourself the best chances of having your application accepted.
If you would like to speak to a specialist in bridging finance, we’d be very happy to hear from you. You can call us on 020 7220 5100 or complete the form below and we’ll get back to you as soon as possible.
Business such as residential and buy to let mortgages in the UK are provided through Coreco Partners LLP, other business such as overseas mortgages and commercial mortgages are provided through Coreco Specialist Finance Limited and are not regulated by the Financial Conduct Authority.
Coreco Specialist Finance Limited. Registered office: 117-119 Houndsditch, London EC3A 7BT. Registered in England, Number: 06851546