A bridging loan is used to bridge the gap between purchasing a property and selling or refinancing a property or allows you to raise quick funding for an investment or purchase until you are able to arrange long term lending.

Bridging loans are secured against residential property (or commercial properties by referral), which will be subject to a 1st or 2nd charge against your new or existing property. You may be able to borrow 100% of the purchase price of a property, if additional property is available as top up security or if the Loan to Value does not exceed our product maximum. A regulated mortgage contract (RMC) is a 1st charge over your residential property or semi commercial property of which more than 40% will be occupied by yourself or a member of your family.

All RMC loans are regulated by the Financial Services Authority (FSA). Pure Bridging does not currently offer regulated loans.

Length of loan: Unlike mortgages, we do not have a set range of products to choose from, we have lending guidelines and each bridging loan is custom-made to your specific requirements. The term of loan can last from 6 to 11months and if the criteria is still met may be extended.