Bridging Finance
Secure the funding you need quickly with our Bridging Finance solutions. Whether you’re purchasing a new property or waiting for your current one to sell, Fennel Financial will guide you through the process with expert advice tailored to your unique situation.
Understanding Bridging Finance
A bridging loan is a short-term financing solution designed to cover the gap between outgoing and incoming funds. It is particularly useful when immediate access to capital is required, such as when purchasing a property before selling an existing one or awaiting long-term financing. These loans are typically available for terms of up to 12 months and can be arranged much faster than a traditional mortgage.
Bridging loans are accessible to a wide range of borrowers, including:
Self-employed individuals who may have irregular income patterns.
Retirees looking for short-term financial solutions.
Applicants with adverse credit who may struggle to secure standard lending options.
These loans are often used in situations where funds are needed immediately, but the borrower expects to receive money at a later date, whether from a property sale, an inheritance, or an approved mortgage that is still being processed.
At Fennel Financial, our experienced brokers work closely with you to understand your specific needs and connect you with reliable lenders across the UK. We ensure a smooth and efficient process, helping you secure the right Bridging Finance product to suit your circumstances.
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Our Bridging Finance Services
Fennel Financial offers a comprehensive range of Bridging Finance services tailored to your specific requirements.
From property purchases and renovations to business funding and auction acquisitions, our expert brokers connect you with the best lenders to ensure timely and effective financial solutions.
Property Bridging Loans
Ideal for property purchases, renovations, or developments, our Property Bridging Loans provide the necessary funds to secure your investment swiftly and efficiently.
Business Bridging Loans
Support your business growth or manage cash flow effectively with our Business Bridging Loans, designed to offer flexible short-term financing solutions.
Why Choose Fennel Financial for Bridging Finance
At Fennel Financial, we pride ourselves on providing personalised Bridging Finance solutions that cater to your unique needs. Our extensive network of trusted lenders ensures you receive competitive rates and a seamless application process, making us the ideal partner for your short-term financial requirements.
Access to a wide range of reputable lenders to find the best Bridging Finance rates and terms.
Expert guidance and support throughout the entire Bridging Finance process.
Fast and efficient approval to meet your time-sensitive financial needs.
What is Bridging Finance?
Bridging finance provides a temporary financial solution when there is a time-sensitive expense to cover. Unlike long-term loans, bridging loans are designed for short-term use, with interest calculated on a monthly basis. The cost of borrowing depends on how long the loan is needed, repaying early can reduce the total interest paid.
There are two ways to manage interest payments:
Monthly repayments – where interest is paid each month.
Rolled-up interest – where interest is added to the loan and paid as a lump sum at the end of the term.
Additionally, any fees associated with the loan can often be added to the total amount, allowing borrowers to focus on their immediate financial needs.
Bridging loans can be a flexible and efficient option for those needing short-term funding, but it’s essential to have a clear repayment strategy in place.
Book an appointmentFrequently Asked Questions about Bridging Finance
Have questions about Bridging Finance? We’re here to help. Explore our frequently asked questions below to learn more about how Bridging Finance can support your financial needs.
Bridging Loans are generally short-term solutions, ranging from a few weeks up to 12 months, depending on your specific needs and the lender’s terms.
Unlike traditional mortgages, Bridging Loans are designed for short-term use and provide quicker access to funds. They are often used to bridge the gap between the purchase of a new property and the sale of an existing one.
Eligibility typically depends on the value of the property or asset being used as collateral, your creditworthiness, and your ability to repay the loan within the stipulated term. Each lender may have specific requirements.
Yes, Bridging Loans can be used for various business-related needs, such as covering cash flow gaps, funding expansions, or securing property acquisitions.
Interest rates for Bridging Loans are generally higher than traditional mortgages due to the short-term and higher-risk nature of the loan. The exact rate will depend on the lender and your financial circumstances.
One of the main advantages of Bridging Finance is its speed. Approval and access to funds can often be arranged within a few days, allowing you to act swiftly in time-sensitive situations.
Still have Questions?
Use the links below to get in touch with the Fennel team
