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

Open Bridging Loans

At Only Bridging Loans Brokers we can arrange Open Bridging Loans for our clients with a known method of repayment, but without a set date when the funds will be available to pay off the loan. This type of loan is usually used when there is no scheduled sale of an existing property. If there is a scheduled sale then we recommend the more attractive and cheaper bridging finance solution of a closed bridging loan. An open bridging loan is usually available from between 1 day and 12 months, however we can finance such loans up to 5 years if necessary. Open bridging loans have a higher interest rate compared to closed bridging loan because the repayment period is not defined and therefore the loan is more risky for the lender. This type of bridging finance can take up to 7 working days to complete.

We can usually offer open bridging loan when the client:

  • purchases a new property but has not exchanged contracts for old property
  • acquires a commercial or residential property for development, conversion or refurbishment
  • purchases property at an auction and must complete within 14 or 28 days
  • needs to pay urgent tax bills
  • raising capital to support his business
  • purchases land with a view to obtaining planning consent
  • makes further property acquisitions
  • purchases non-mortgageable property or a property which is subject to partial or even a full retention

Please contact us and our broker will guide you on which type of bridging finance is suitable to your circumstances.

Bridging Loan Caculator
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Bridging Loans
Closed Bridging
Open Bridging
Commercial Bridging Loan
Residential Bridging Loan
Residential Bridging Loan