A bridging loan provides short-term financing that can be arranged quickly to help you secure time-sensitive property purchases or cover urgent cash flow needs.
How Bridging Finance Works
- Funds are drawn down in a lump sum
- High LTV loans cater for deposits as low as 10%
- Interest is paid monthly, no capital repayments
- Typical terms of 1-12 months, can be extended
- Repaid in full via refinancing or sale of the asset
Uses For Bridging Loans
- Auction purchases
- Purchasing property at short notice
- Capital raising on existing owned property
- Property renovations/conversions
- Paying off debts
- Business cash flow funding
Benefits of Bridging Finance
- Fast access to funds – can complete in days
- Flexible criteria – self-employed and poor credit often accepted
- Access high LTVs unavailable elsewhere
- No exit fees – repay early without penalty
- Retain ownership of your home if used as security
Risks To Consider
- Higher interest rates than standard mortgages
- Failure to repay on time leads to default
- Charges if term needs extending
- Property could be repossessed if loan unpaid
Why Use Jag Funding Solutions For Bridging
- Access to a wide variety of lenders all with their expertise in different sectors.
- Handle complex cases like heavy refurb projects
- Avoid expensive renewals by refinancing on time
- FCA authorized for your protection
