When it comes to property investment or development, time and funding can make all the difference. Bridging loans are the perfect solution to bridge financial gaps, ensuring that your plans don’t stall. At Clever Mortgages, we partner with lenders like MSP to provide tailored short-term funding solutions to keep you moving forward.
What Are Bridging Loans?
Bridging loans are short-term, secured loans that provide quick access to funds. Whether you’re purchasing an investment property, completing a development project, or even buying at auction, these loans are designed to meet your needs with speed and flexibility.
Typically, bridging loans can unlock up to 70% of a property’s value and are secured against property assets. With pre-approved credit-backed terms included in your Offer of Finance, you can confidently make decisions and commit to your next step.
Why Choose a Bridging Loan?
Bridging loans are ideal in scenarios where timing is critical:
- Buying your next project while waiting for the sale of an existing property.
- Closing financial gaps during the final stages of a development project.
- Securing property purchases at auctions with pre-arranged finance.
- Funding refurbishment or redevelopment projects.
With streamlined processes and fewer forms, decisions can be made quickly—often within 24 hours of your initial enquiry. In some cases, funds can be drawn down within a matter of days, keeping your project on track without delays.
Types of Bridging Loans Available
Clever Mortgages offers a wide range of bridging loans tailored to specific situations:
- Premium Residential Bridging Loan
- Perfect for completed, marketable units.
- Generate cash flow for new development projects.
- Refinance existing lenders during the sales process.
- Standard Residential Bridging Loan
- Ideal for purchases, refurbishments, or refinancing residential properties.
- Flexible terms to suit your project needs.
- Auction Finance Bridging Loan
- Pre-arranged funding to help you bid confidently at auctions.
- Suitable for vacant residential properties, those let on AST, or in need of refurbishment.
- Development Exit Bridging Loan
- Designed for projects that have reached practical completion.
- Bridges the financial gap while units are awaiting sale.
- Commercial Bridging Loan
- Covers the purchase of commercial or mixed-use properties, including brownfield sites.
- Suitable for run-down commercial premises or properties purchased at auction.
- Light Refurbishment Bridging Loan
- Funds light refurbishment projects.
- Typically offered for six months, based on the property’s projected post-refurbishment value.
Why Choose Clever Mortgages?
At Clever Mortgages, we make securing a bridging loan simple and stress-free:
- Fast Approvals: Decisions within 24 hours and quick access to funds.
- Flexible Solutions: Loans tailored to your specific needs.
- Expert Guidance: Our experienced team works with you to find the best finance options.
Let’s Get Started
Whether you’re planning a refurbishment, purchasing at auction, or looking to unlock cash flow, a bridging loan could be the perfect solution. At Clever Mortgages, we’re here to help you secure the funding you need, when you need it.
Contact us today to explore your options and move your project forward with confidence.
