While residential bridging finance can be spent on purchasing a property, and this is typically the primary use, there are unique circumstances that apply to each client whenever immediate finances are necessary.

Some of these circumstances may include, but aren’t limited to the following:

• Property Renovations: Quick funds may be necessary if there are emergency renovations needed prior to securing a more long term financial solution, if this is the case then a residential bridging loan can be helpful. 

• Supporting a property chain: If you’re running a property chain, it is crucial that there are no breaks. If there is a risk of a break, residential bridging loans can help in supporting it so it can continue.

• Residential Auctioning: Auction purchases of property are highly popular, and there is likely to be a down payment required right away, a bridging loan can do this for you.

• Buy to Let Investments: Buy to let is a common reason to take out bridging loans for residential property, it can help in reactiveness for purchasing a suitable property before a longer term financing solution is found. 

• Equity Release: Another use of a residential bridging loan is for those that want to release equity from their property quickly. 

• Remortgaging: We can help in facilitating and improving a property before remortgaging onto a long term regulated mortgage. If a customer has adverse credit, and may need 12 months to improve their credit, due to this, a bridging loan is often a good solution.

​

The bottomline for all bridging loans for residential property is that it is access to funds fast, which is precisely what we do day in, day out.

With a quick application process and a short repayment period, bridging loans are a convenient solution for clients in need of temporary and fast funding to facilitate a smooth transition during property transactions.