Get there quicker with bridging finance.

Standard mortgages are typically the go-to for property purchases and are usually long-term commitments lasting up to 30 years with monthly repayments and potentially lower interest rates. Bridging loans on the other hand are short-term solutions more often used to cover a financial gap. These loans are generally up to 24 months in term, with higher interest rates that can be retained, serviced, or rolled.

There are several types of bridging deals, including: those involving refurbishments, those involving conversions, or those purchased below market value at auction.

Because each bridging deal has its own set of circumstances, there is no set deposit amount. Lenders will offer different bridging terms for each deal, so the exact amount an investor or developer will need to put into the deal themselves will vary. Factors like whether the lender is offering retained interest, rolled interest, serviced interest, or moneys for a refurbishment all are typically factors that influence bridging loan terms.