Short term bridging loans can provide valuable help in cases of temporary cash shortfall, particularly during the purchase of a property, land or business. Typically this could occur if a purchaser dropped out last minute, in contract races or where a purchase needs to be completed before a sale, or in an auction situation where you could have a bridging facility approved so a bid on a property can be made with confidence.

Bridging loans can usually be provided for:

• Residential and commercial property purchase
• Property development
• Renovation

Loan terms are normally 2 to 6 months although variations on these standard terms can be normally be negotiated. Unlike other types of loan, the cost of interest on bridging finance is usually shown at a monthly rate.