Welcome to BridgingLoansUK.co.uk, where you can get bridging loans for any purpose, starting at £25,000.  A bridging loan is one of the fastest property-secured loans that you can get, meaning that many people use it as a stop gap when they need money quickly.  If you are in this situation, then apply now.  You can talk to our FSA qualified staff about what you need, and they will be able to advise you on the best course of action.  If you do decide to take out a bridging loan with us, then we can have somebody around very soon to appraise the property which you wish to offer as security.  You should receive your bridging loan within one or two weeks of applying.

What are Bridging Loans?
Although bridging loans are very useful, there are lots of people who do not really know what they are about.  To find out more about the types of bridging loan available, check out the “Bridging Loan Types” section.  However as an introduction, to understand bridging loans you basically need to know about the two main types: open bridging loans and closed bridging loans.

A closed bridging loan is one in which you know exactly when you are going to get the money to pay back the loan, and this is stated as part of the loan.  For example, if you have exchanged contracts on your house but the sale has not actually been completed yet, you will know when it is due to be completed.  In this case you can take out a closed bridging loan, as you know when the money is due.  This is the safest form of bridging loan, as things rarely go wrong in this situation.  It has been known to happen however, which is why we need security for the loan. 

The riskier form of bridging loan is the open bridging loan.  In this case, you do not have any set date on when you are going to get the money needed to pay back the loan.  Using the case of a residential property again, this is the sort of loan which would be taken out if you wish to buy another house before a sale has been agreed on yours.  Perhaps you have seen a house you really want, but you know if you wait then it will be gone, so you take out a bridging loan to buy the house.  Then, when you sell your house, you can get a normal mortgage and pay back the bridging loan.

More Information
This should give you an idea, if you did not know before, of how a bridging loan works.  There are of course many other situations when a bridging loan proves to be useful, such as to avoid repossession, to get money quickly after buying something at an auction, as property development finance or a capital raising bridging loan.  There are lots of different sorts of bridging finance available, so whatever you need a bridging loan for, whether it be private or commercial, get in touch and we'll help you however we can.