Fast Bridging Finance

Need property financing quickly? Read our guide to speedy bridging finance for everything you need to know about getting your bridge loan over the finish line – fast!

  • Type of loan
  • help Maximum 75% LTV
  • help Maximum 70% LTV
  • help Maximum 70% LTV
  • help Maximum 65% LTV
  • help We will lend against current market value of the asset with vacant possession
  • £7,500,000
    help You cannot exceed the maximum loan available based on the maximum LTV for the corresponding type of property selected above
  • 75%
    help You cannot exceed the maximum LTV available for the corresponding type of property selected above
  • Loan details
  • 0
  • help Term should be entered in whole months, to a maximum of 12
  • help Deducted interest is where the forecast interest amount is deducted from the loan on day one.
  • help Serviced interest is where the interest is paid on a monthly basis. If serviced interest is chosen, evidence will be required to show your ability to pay interest when it is due.
  • Purpose of loan
  • Interest rate
  • help This is the standard rate for the property type chosen
  • help You can enter a custom rate below our standard rate for the calculation, but the availability of this rate is not guaranteed
Calculate
Instant Results
Total security value ___
Gross loan amount ___
Gross LTV ___
Interest rate ___
Term (months) ___
Minimum term (months) ___
Assumed arrangement fee @ 2% (min £2,000) ___
Interest Retained ___
Monthly Serviced Interest ___
Admin fee ___
Indicative day 1 Net loan advance ___

Fast Bridging Finance

Bridging loans are a fast and flexible way of accessing financing quickly. Here Revolution Brokers will look at the most critical factors to consider when comparing bridging loan rates, and what you should expect from the bridge finance application process.

How quickly can I get a bridging loan?

The main advantage of bridging loans is that they can be processed very quickly. Straightforward applications can be completed inside of a week, although more complex cases might take longer.

Usually, you can expect to have an offer within a few days of your enquiry if you are working with a specialist broker like business loan broker, who understands the market and knows which lenders are best suited to your borrowing requirements.

How to speed up your bridging loan application

The application process will take longer with some lenders than others. While this is a form of fast finance, there are still eligibility criteria that you will need to meet to secure a funding offer.

We strongly recommend using a broker to understand which lenders are best suited to your needs, and with whom you will meet their lending criteria. This is important as, if you submit multiple applications, a high number of checks on your credit file might prevent some loan providers from making you an offer.

Call Revolution Brokers on 0330 304 3040, and let us know:

  • How much you need to borrow.
  • For how long.
  • What the finances are required for.

We will streamline the application process to get a competitive funding offer on the table quickly.

How long is the bridging loan approval process?

If you have been extended an offer, or have a compelling application supported by all of the information, you can have your funding in place extremely quickly - in some cases, as soon as within 24 hours.

For other cases, it can take 48 hours.

There are lots of factors that dictate how long the approval takes. These include what you are borrowing for and the risk factors around your borrowing.

Applying for a bridge loan

The process of applying for a bridging loan with Revolution Brokers is fast and straightforward. Typically, the steps include:

  1. Your enquiry - let us know your borrowing needs, what the funds are for and what the circumstances are.
  2. An assessment - we work with you to understand your exit strategy, and to ensure that you have a solid plan in place.
  3. Identifying lenders - Revolution takes your application to the market to source the best lenders, and to present you with an agreement in principle (AIP) for you to review.
  4. Conditional offer - if you are happy with the offer, we will present you with a conditional offer. You do not have to accept this, but it allows you to prove that you have the lending in place, pending the terms and any documentation required.
  5. The application goes to legals for signatures, etc. Once all the due diligence checks are completed, the funds are released.

Factors impacting the speed of the bridging loan process

Each bridging loan application is different, and therefore there is no one size fits all model. Lenders will assess each application on its merit, considering factors such as:

  • How stable the exit strategy is.
  • What sort of bridging loan you are applying for - i.e. regulated or unregulated.
  • Your credit scoring.
  • What type of property you are purchasing.
  • Your experience in the market.
  • How much deposit is available.
  • Whether the property has a recent valuation.

1. Exit strategies for bridging loans

An exit strategy explains how you plan to repay the lending. This is important since a lender needs to understand that you will be able to pay back the borrowing and have a solid plan in place to do so.

If you have a healthy exit plan, you are far more likely to access your funding quickly and achieve competitive rates.

Should you plan to sell the property as your exit strategy, then valuations may be required to assess whether this will generate sufficient revenue to cover the loan.

Development finance can be far more complex, and therefore a bridging loan for this purpose may take longer to arrange.

2. Regulated and unregulated bridge finance

There are two types of bridge finance - regulated and unregulated.

Regulated - usually offered to individual loan applicants borrowing against a residential property. Regulated bridging loans are overseen by the Financial Conduct Authority (FCA), so carry specific requirements to comply with those regulations.

Unregulated - rather than meaning 'unauthorised' as is often misunderstood, an unregulated bridging loan is simply the alternative to a residential bridge loan. This sort of bridge finance is the term used to describe commercial bridge lending, which has to be adapted to meet the needs of the borrower and their development project.

3. Credit rating and bridging finance

Having an adverse credit history can make it harder to achieve a competitive bridging loan offer. However, many specialist lenders will not consider this a significant factor, provided there is a strong exit strategy in place.

Some mainstream lenders are unable to extend offers to applicants with bad credit history at all. However, many specialist lenders will look at other criteria as the primary basis for their lending decisions.

If you are concerned about a bad credit rating impacting your ability to secure a bridging loan, give us a call on 0330 304 3040. Revolution Brokers work with a network of established lenders who will be able to extend offers to meet your bridge finance needs.

4. Types of property that can be financed through bridging loans

Most bridging loans are taken out to provide fast financing to secure the purchase of a property. They can also be taken out for other purposes, such as financing a development or borrowing quickly to be able to purchase a property at auction.

Different lenders have different requirements when it comes to the types of property they will and will not lend against.

Typically, borrowing against a commercial property can take slightly longer than residential. Some lenders will not lend against properties they consider higher risk, such as semi-commercial properties.

5. Property development experience

Bridge loans are available to new developers and investors. However, some lenders will require applicants to have a minimum number of years of experience.

If you can demonstrate a good track record and experience in the market, you are likely to find it easier to achieve competitive rates and turn around a fast bridging finance offer.

Maximum LTVs on bridging loans

Most bridging loans will offer an LTV of up to 70-75%. This means that you need to have a deposit of around 30-35% available to be able to purchase a property with this type of lending.

Higher risk properties - including commercial premises and sites such as petrol stations - may have a lower maximum LTV available. This tends to be up to around 50-60%.

You can secure bridging finance with a lower deposit, and some specialist bridge finance lenders will even offer up to a 100% LTV. In this scenario, they will usually need some additional security, or multiple securities held against other assets to ensure their lending is protected.

Bridging loans for buy to let properties

Bridging loans to support the investment in a BTL property are often called bridge to let applications.

This sort of lending is best accessed through a specialist lender who understands the buy to let property market and will be able to extend an AIP quickly.

Bridging loans for Ltd companies

Most businesses will at some time or another need a fast financing option, and when purchasing a property, it is certainly possible to secure a bridging loan. Your business will need to have a stable exit strategy in place to obtain this sort of lending.

The terms available from most lenders are similar to those offered to private applicants. Some lenders will require a personal guarantee from the Directors of the business.

Buy to let landlords often choose to set up their Ltd company as a Special Purpose Vehicle (SPV) - a company incorporated solely to manage the ownership of properties. In this scenario, you are likely to have a more extensive choice of lenders and be able to achieve more favourable interest rates.

Bridging finance expert advice

If you are considering applying for bridging finance, speak to Revolution Brokers today. With our vast network of UK specialist lenders, we achieve outstanding rates and negotiate for you to secure excellent terms adapted to meet your funding needs.

For fast bridging finance, give us a call today on 0330 304 3040.

Why Revolution Brokers?
  • Whole of market brokers

  • Mortgage that suits you

  • On time customer support

Latest Blogs

26 Jan 2022
How Does a Remortgage Application Work?

Most homeowners know that remortgaging means switching a mortgage from an existing lender over to a new deal. However, the process isn't always obvious. If you're on a fixed-rate deal, you'll want to get ahead of the end of the term to avoid being shuffled onto a higher standard variable rate where your interest costs will undoubtedly ..

17 Dec 2021
Understanding Lender Risk on First-Time Buyer Mortgages

Finding a great mortgage as a first time buyer can feel like an uphill struggle, with a larger proportion of applicants being turned down than a year ago. Around 20% of first-time mortgage applicants are rejected, usually because of the lender risk associated with their loan. Today, Revolution Brokers explains the highest risk facto..

28 Oct 2021
Pros and Cons of First Time Buyer Buy to Let Mortgages

Investing in a rental property can be an excellent way to get onto the property ladder and earn an income. However, if you haven't owned a residence before, you might find that a mainstream bank will automatically turn you down for a buy to let mortgage. In today's guide, the Revolution Brokers team explains how you can become a ren..

12 Oct 2021
Mortgage Deposit Requirements for First-Time Buyers

Buying a home for the first time is a massive step - but the deposit is often a stumbling block for first-time buyers. It can take years to save a sufficient amount or be impossible, so there are several ways to approach the problem and get your foot onto the property ladder. From April 2021, the UK government launched the new mortg..

24 Jun 2021
Why Property Auction Finance is Booming!

There is little doubt that UK buyer confidence is at an all-time high. We've recapped previously in our blogs how property market growth and prices have soared over the last few months! As we head into summer, one key area of mortgage finance seems to be expanding rapidly: property auction finance. In this article, the Revolution..

25 May 2021
Property Development vs Buy to Let Investments

Here at Revolution Brokers, we work with thousands of property investors every year. That might be to: Remortgage a portfolio of rental properties. Secure development finance for a new project. Finance a standalone property purchase or multiple acquisitions. Streamline portfolio mortgages for multiple investments. We ofte..

Offer!

Refer, Relax and get £50

If you refer a friend for a mortgage or any
type of finance you’ll both receive £25
each when their new application
successfully completes.

Know More!

We are proud
members of the:

FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

Ask the Mortgage Experts

Revolution Brokers understands that mortgages can be complex and confusing!

Ask us any question you might have, and one of our skilled consultants will come back to you as quickly as possible.