What are Bridging Loans?

Bridging loans are a type of loan secured against a  property. They are (more than £50,000) and short-term (up to 1 year) If you need short-term funding, then a Bridging Loan is generally the fastest and best option.

BWG Finance are specialists in this area and have been offered bridging loans for many years, building a sound reputation with both our clients and the lenders we work with.

Bridging loans have many advantages over other loan types, such as a fast completion, no age limitations and loans for people with poor credit history are also freely available.

Bridging loans can be used for a variety of purposes such as a property purchased at auction, buying a property before you sell your own, avoiding repossessions, cash used for business purposes, also you can use the money for anything you want to.

If there is no set date for the repayment of the bridging loan, such as when the exit strategy is a sale of a property that hasn’t been sold yet, this is called an open Bridging loan. If the loan will be repaid at a certain date, such as on an agreed completed sale date, this is called a  closed bridging loan. Either type of loan is available and we can provide finance for either scenario.

We use only the best bridging loan lenders in the market and offer a range of services that go far beyond what other brokers would provide for you.

We take all of the information on your requirements and what finance you need and then match you with the best lender for your loan criteria. We achieve this by consulting many lenders and hand-picking the ones that fit your exact requirement.

By taking our time in order to get a clear picture of your unique situation, we can ensure we get you the best deal for your circumstances. We also try to make the process as easy and simple as possible for our clients often filling out any necessary forms or paperwork in the quoting process and working with them 7 days a week, if need be and at almost any time of the day.

We look to arrange the optimal finance we can for all our clients and go above and beyond to bring you the best Bridging Finance deals for your needs.

We can offer unrivalled finance as we are independent and actively negotiate with the lenders to provide the lowest possible fees and interest rates. Thanks to our reputation with lenders, we can create deals that are impossible for other brokers to match.

We can provide finance from £50,000 up to £5m and look to get the most competitive deals for our clients with absolutely no bias to certain lenders. This guarantees that the loan you get will be the best loan possible for your situation. No matter how large or small the loan is.

A large variety of property types can be used for security and can be from anywhere in the UK. The LTV (loan to value) we offer extends all the way up to 80%.

A Bridging loan can be used for any purpose such as auction purchases, development of property home improvements, business growth and many more uses.

Bridging loans can also be secured on many different types of property such as residential, HMOs, retail buildings and offices, commercial and land. Even if the property is in poor condition, it can still be used as security.

We at BWG Finance aim to ensure our customers understand every step of the Bridging Finance process and what is happening at any one time. We have a proven track record of professionalism and efficiency in our brokering services and previous clients have commented on our speed and excellent customer satisfaction.

Taking out Bridging Finance may be considered a stressful or difficult time but we make it as simple and easy for you as possible.

As a premier Bridging Loan broker we work with all of the leading lenders in the UK, we are one of the few premier brokers lenders give us access to reduced arrangement fees and interest rates.

This allows us to pass these savings on to our clients with better deals and rates.

We also have access to many lenders who offer loans in niche areas that the main lenders would not consider.

Because we have been working in Bridging Loans for many years we have the contacts and experience to guide you through the pitfalls, a bridging loan is usually a one-off loan for most people and failure to get the best bridging loan or the right deal could be an expensive mistake.

At BWG Finance you can be assured of the very best advice and we will always give you the facts as they are, what rates you can expect, is it reasonable that you will get the loan, how long it will take.

We have full access to all the UK Bridging Loan Lenders and we also work with many niche lenders who will look at deals that do not meet a mainstream lenders criteria.

The Bridging Loan Process

Bridging Loans our lending panel offers first, and second, charge Bridging Loans, up to 100% LTV. Including non-status and bad credit.

Initial enquiry: After you provide your details and contact information, a member of our team will call you to discuss your requirement, offering both advice and an estimate of the cost and interest rates. We also create a Decision in Principle. If we are unable to meet the desired loan requirement, we try to compromise and create as close an offer as we can but the vast majority of times we are able to fix the perfect deal.

Quotes: Once we have your details and requirements we will prepare quotes from a number of lenders who would be willing to offer you a loan.

Valuation: If the terms are acceptable for you then we will instruct the valuation of your property. This is not always needed but is generally a quick and easy process, usually complete in a few days.

Legals: All the legal work is then instructed and carried out by your solicitors and the lender’s solicitors. To ensure you get your funds as quickly as possible we constantly keep up to date with everyone working on the case to guarantee everything is going smoothly and according to plan.

Completion: When the loan is ready to complete, the funds are usually released on the same day.