Bridging Loans BRIDGING LOANS Short-term, swift finance Bridging Loans are a type of short-term finance, which are used to ‘bridge’ the financial gap over the course of a property transaction. Features of a Bridging Loan Regulated & unregulated loans available Interest rolled/retained or serviced Rates from 0.48% Terms up to 24 months Loans from £30,000 Up to 80% LTV (100% available with additional security) 1st, 2nd & 3rd charge options available Available in England, Wales, Scotland and Northern Ireland No exit fees in most cases Bridging loans are often completed quickly, making them perfect for customers who are looking to swiftly secure funds for property transactions. Lenders will need to see a viable exit strategy from your customer. This could be a range of things, including selling the security property, or taking out a mortgage to repay the bridging loan. Usages Bridging loans are typically used for: Auction purchases Renovation Below Market Value Unmortgageable properties Change of use Buy to Let Broken sale chains We have access to a large panel of bridging lenders. Want to know more? Check out these related articles to find out more about our products and how we can help you get the best for your customers. Day One Secured Loans Find out more Second Charge Lending up 195 percent in June The Second Charge market has shown continued growth during June Find out more COVID-19 Update Find out more Twitter LinkedIn About Us FAQs Compliance Privacy Policy and Fair Processing Notice THE INFORMATION CONTAINED ON THIS SITE IS FOR USE BY INTERMEDIARIES / INTRODUCERS ONLY AND SHOULD NOT BE DISTRIBUTED TO POTENTIAL BORROWERS. Norton Broker services is a trading style of Norton Finance and mortgages Limited company registration number : 5995692. Norton Finance and Mortgages Limited is a credit broker which is authorised and regulated by the Financial Conduct Authority under Firm reference number 589554. You can confirm our registration on the FCA’s website www.fca.org.uk or by contacting the FCA on 0800 111 6768. The Norton Broker website uses cookies. Some may have been set already. Read about managing our cookies. If you continue to use the site, we’ll assume you’re happy to accept the cookies anyway. Norton Broker Services, Norton House, Mansfield Road, Rotherham, South Yorkshire S60 2DR Tel: 01709 321665