What Is a Bridging Loan?
Bridging loans are short-term secured loans that last between a few months and two years, depending on the borrower's needs. Bridge loans, on the other hand, are designed to be repaid quickly after permanent financing has been arranged or an asset is sold.
Businesses, homeowners, and investors who need to act fast when traditional lending isn't an option often use these loans.
Example:
A property must be completed within 28 days after you bid at auction. Bridging loans can be approved and released within days, ensuring that you don't miss out on your dream home. Mortgages may take months to arrange, but bridging loans can be approved within days.
When to Use a Bridging Loan
- Property Transactions: Quickly purchasing residential or commercial property.
- Auction Purchases: Fast funding for auctions with strict deadlines.
- Chain Break Finance: Buying a property when your existing home sale is delayed.
- Refurbishment & Renovation: Applying for a standard mortgage after improvement work has been completed.
- Development Finance: Financial support for construction and redevelopment.
- Business Cash Flow: Meeting urgent short-term working capital needs.
Benefits of a Bridging Loan
- Speed: Approvals are granted within days, not months.
- Flexibility: Our loans are tailored to your project, whether it is residential, commercial, or mixed-use.
- Short-Term Solution: Repay once long-term funding is secured or an asset is sold.
- Auction Confidence: Have confidence in your ability to bid at auction.
- Variety of Uses: Ideal for property purchases, refinances, or development projects.
Canterbury Capital Bridging Loan Solutions
The following bridging finance options are available at Canterbury Capital for our clients across the UK:
Standard Bridging Loans
A bridging loan is a short-term funding option secured against a residential or investment property that is designed for those who are buying property quickly.
Commercial Bridging Loans
Our commercial bridging loans provide businesses and investors with the speed and reliability they need to secure opportunities without delay.
Auction Finance
Our auction finance packages are designed to meet strict deadlines, ensuring completion within the typical 28-day period. This allows you to bid confidently and avoid missing out on prime properties.
Development Bridging Loans
We provide development bridging finance to help you move your renovation, conversion, or new construction project along while you arrange long-term funding.
How Our Bridging Loans Work
Keeping bridging finance simple and transparent is our priority. Three key steps are involved in our process:
- Application: Please complete our online application or speak directly with our advisors.
- Decision: Our team reviews your application quickly and provides a clear, transparent response.
- Funding: After approval, funds are released promptly, enabling you to proceed quickly.
Why Choose Canterbury Capital for Bridging Finance?
- Speed of Service: Our team understands the importance of time. We process bridging loans quickly and efficiently.
- Tailored Funding: Each client's situation is unique. Finance solutions tailored to your needs.
- Transparency: There are no hidden fees. Before you commit, all terms are clearly explained.
- Expertise: Trust our expertise in the UK's property and finance markets.
- Nationwide Coverage: Across the UK, we provide bridging finance solutions.
