Bridging finance that helps you move quickly when timing, property condition or opportunity won’t wait.
- Specialist bridging finance advice
- Support for individuals and limited companies
- Human expertise through to completion
Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
What is a bridging loan?
A bridging loan is a short-term loan secured against property, designed to provide fast access to finance when there is a temporary gap between buying, selling, refinancing or completing work on a property.
Bridging finance is commonly used to buy a property before another one has sold, complete an auction purchase, fund a refurbishment, purchase a property that is not yet suitable for a standard mortgage, or provide short-term finance before moving onto longer-term funding.
Most bridging lenders will usually lend up to around 75% loan-to-value (LTV), which means you may typically need a deposit or equity contribution of around 25%. The exact amount available will depend on the property, the loan purpose, your circumstances and the lender’s criteria. In some cases, additional property can be used as security, which may change the amount of cash deposit required.
A key part of any bridging loan is the exit strategy — the clear plan for how the loan will be repaid. This could include selling the property, selling another property, or refinancing onto a residential, buy-to-let or commercial mortgage.
Because bridging loans are short-term and designed for speed and flexibility, they will usually cost more than a conventional mortgage. Rates, fees and maximum LTVs vary between lenders, which is why comparing the total cost, net loan available and repayment strategy is important before proceeding.
What do you need bridging finance for?
Bridging finance can solve several property-timing and funding problems. Start with the situation that most closely matches yours.
I want to buy before selling my property
Secure your next home or investment before the sale of another property has completed.
I need auction finance
Meet an auction completion deadline when a conventional mortgage is unlikely to be ready in time.
I need refurbishment finance
Purchase or refinance a property, complete the necessary work and repay the bridge through sale or longer-term refinancing.
I want to buy an unmortgageable property
Finance property that is not immediately suitable for a standard mortgage because of its condition or missing facilities.
I want to bridge-to-let
Purchase and improve a rental property before refinancing onto a longer-term buy-to-let mortgage.
I need development exit or rebridging
Replace development or bridging finance approaching the end of its term while completing sales or arranging longer-term funding.
I want to buy a commercial or mixed-use property
Arrange short-term finance against offices, shops, industrial property, mixed-use buildings and other commercial security.
I need land and pre-planning finance
Acquire land or create time to obtain planning permission before moving onto an appropriate longer-term facility.
I need help with business cash flow
Keep your business running smoothly. Use short-term finance to bridge temporary gaps, purchase stock, or fund time-sensitive opportunities without disrupting long-term plans.
Talk to a bridging adviser
Work out the repayments, send us the details, and a specialist will call you back.
What type of bridging loan do you need?
Regulated and unregulated bridging finance
The regulatory position can depend on the property, how it is occupied and the purpose of the borrowing.
A loan secured against a home occupied or intended to be occupied by the borrower or certain family members may be regulated. Many investment, commercial and business-purpose bridging loans are not regulated.
Morrow will explain which category applies to your circumstances and what that means before you proceed.
What does it cost to use bridging finance?
The finance isn’t the only cost to consider when using a bridge. Depending on your circumstances, you may need to budget for:
Stamp Duty or other property taxes
The amount payable depends on where in the UK you’re buying, the property price and your circumstances.
Insurance
Buildings insurance is usually required by lenders from the appropriate stage of the transaction, while you may also want to consider contents and personal protection.
Get a quote nowAuction fees
You may pay a fee to the auction house.
Conveyancing costs
You’ll normally need a solicitor or conveyancer for both the sale and purchase.
Get a quote nowLender fees
Potential costs can include product, arrangement, valuation, exit or broker fees depending on the lender and service.
Surveys
You may choose to commission a property survey in addition to the lender’s valuation.
Get a quote now
Guides and insights
A direct digital experience, with the advantage of a broker.
Morrow can explore different specialist lenders and structures.
Our technology gives you the immediacy of starting online, while our bridging specialists provide the judgement and support needed to get a complicated property transaction completed.
Search before waiting for a callback
Enter your deal online and see provisional options immediately rather than submitting a form and waiting to learn what may be available.
Compare the numbers that matter
See estimated net loan, gross facility, rate, fees, LTV and total lender cost side by side.
Avoid explaining the deal repeatedly
The information entered in the search flows into Morrow’s case review, reducing duplicated forms and repeated conversations.
Technology with human judgement
A calculator cannot assess every legal, property or exit issue. A Morrow specialist checks the case and helps structure it properly.
One point of contact through completion
Morrow coordinates with the lender, valuation team and solicitors and keeps you informed as the case progresses.