One of the fastest growing sectors of finance which has seen a new generation of niche lenders.
Short term finance in Bath, Bristol and throughout the South West
A bridge loan is a type of short-term loan, typically taken out for months as opposed to years.
It’s generally used by an individual or business to ‘bridge’ the gap until the next stage of financing is obtained.
Bridge loans are typically more expensive than conventional financing options, to compensate for the additional risk taken by the lender. They are commonly arranged quickly with relatively little documentation required.
The benefits of bridge loans
Allow you to meet current obligations by providing immediate cash flow
Short-term loan backed by some form of collateral such as real estate or assets
Used by companies and individuals and can be customised for many different situations
SWBF have access to a huge number of ‘Bridging’ Lenders that allows us to be flexible to the needs of our clients. From our base in Bath and serving Bristol and the South West we can commonly lend up to 80% on residential and 75% on commercial but extended LTV’s can be found if further collateral can be offered.
Bridging can also be used for business to bridge VAT or Tax returns.