Bridging Loans and Finance from The Fast Option!

We supply up to £10 million, so if you need a bridging loan today simple fill in our easy application form and we will approve it within a matter of minutes. We will also ensure that all funds are transferred within a 2 day period. Apply today for bridging loans UK!

Speak to an agent now CALL 0759 976 2285

Closed Bridging Loans

Closed bridging loans are one of the quickest forms of bridging loan to arrange and can be made available within 24 hours. This type of bridging finance is typically used when longer term finance has been arranged already but cannot be used or drawn down yet, such as a mortgage or the sale of another property or asset to cover the amount of the bridging loan. At Only Bridging Loans we can arrange closed bridging loans for terms from 1 day to 24 months. Closed bridging loans are less risky than open bridging loans and the rates and costs are much lower. Lenders will normally secure closed bridging loans against an existing property that is in the process of being sold and in some cases do not require proof of income or good credit ratings, as all the risk is held in the first property.

We can usually offer closed bridging loan when the client:

  • purchases a new property and exchanges contracts for the future sale of an old property
  • purchases property at an auction and cannot complete mortgage the in time. Closed bridging loan ensures the property is secured and is redeemed on mortgage completion.
  • development is nearly complete and contracts exchanged but funds are tied up and its not possible to start the new development
  • the client has bought a property below market value for Buy to Let purpose and by inserting 1 day loan client can immediately re-mortgage at full open market value

Please fill our application form to get free no obligation bridging loans quote

Bridging Loan Caculator
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Bridging Loans
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