What is an Open or Closed Bridging loan

• Closed Bridging loans – When it has a definate repayment route. The timing of repayment is known with a degree of certainty.
• Open Bridging loans – These loans are generally available for any purpose and not just property related. The repayment of the loan is also less certain in terms of timings.

The benefits of a bridging loan

• Speed finance – Can be completed in 1 to 10 working days
• All types of property can act as security
• Bridging loans can be used for any purpose and from £50K to £25 million
• All credit profiles are catered for

Typical uses for Bridging loans

• Financing 100% of a property purchase
• Buying a property at auction
• Urgent capital raising
• Residential or commerical property bridging
• Avoiding bankruptcy or a winding up petition
• Developing or refurbishing property on a speculative basis