A bridging loan is a short-term borrowing agreement that allows you to access a large sum of money for a brief period. Typically, homebuyers use bridging to cover the gap between purchasing a new property and completing the sale of their existing one. Many clients also use bridging loans when their property sale is delayed but they need to proceed with a new purchase.
Since bridging loans are designed for short-term use, repayment is usually required within 12 months, although the duration can range from just a few weeks to longer periods if needed.
Bridging loans provide quick access to funds—such as while waiting for proceeds from a property sale—ensuring that transactions can proceed smoothly and are repaid promptly once your income or proceeds are received.
At Alexander Hall, we have built strong connections with specialist lenders across leading high street banks and independent financial institutions. This enables us to assist you in securing a competitive bridging loan tailored to your specific requirements.
We have been helping our clients get access to bridging loans for 30 years, so we know a thing or two about finding loans that tick all the boxes. To discuss a bridging loan for your next property purchase, contact our experts to arrange an initial meeting to discuss your requirements.