Bridging Loans

A bridging loan, whether it is a commercial bridging loan or residential bridging loan, is used mainly to secure property purchases where the chain has collapsed or where the property requires an element of refurbishment. They can also be useful when buying property at auction where deposits need to be paid as soon as the hammer goes down.

The key features of a bridging loan are;

  • No upfront fees
  • No early settlement fees
  • Light, medium and heavy refurbishment
  • Commercial and residential buildings
  • Auction property finance
  • Same day decisions in principle
  • Fast turnaround
  • Auction condition completions
  • Can be arranged without interview
  • 1 to 24 month terms
  • 100% advances with additional security

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I can confirm completion has taken place and the funds have arrived successfully in to my account today. I would like to thank you for all of your help and professionalism during this process, it has been straight forward and a breath of fresh air compared to some previous brokers I have experienced, and very much appreciated. I look forward to the next time we can do business together (hopefully sooner rather than later)

What is a bridging loan

A bridging loan is a form of short term funding secured again property, either residential or commercial. The traditional bridging was used to complete when a property purchase chain had broker down, however more recently the variety of purposes where bridging loans are used have increased over the years since the credit crunch and it now more widley known as a short term loan.

The specialist team at Charleston are able to arrange some of the cheapest, and quickest bridging facilities in the market, and are able to arrange the exit on the bridging loan where required, often on bespoke terms not widely offered throughout the market.

Bridging loans can be arranged under the following circumstances and terms;

  • Regulated and unregulated loans
  • Chain breaks
  • Auction purchases
  • Unmortgagble properties
  • Properties requiring refurbishment (light, medium or heavy)
  • Full development bridging
  • 100% loans available with additional security
  • Below market purchase

Key Features;

  • No upfront fees
  • Up to 80% available
  • Rates from 0.59% per month
  • No exit fee options available
  • 24 month terms
  • Interest can be retained, rolled up or serviced
  • Regulated (for personal home) or unregulated loans available
  • Residential and commercial bridging
  • Whole of market fully advised service available
  • Access to Charleston exclusives

We are able to arrange agreement in principles for our customers within 1 working hour of receiving your enquiry. With no upfront fees, application fees or commitment and you are under no obligation to proceed.

Some of our Lending Partners