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Bridging Loans
We Help Bridge The Gap and Help You
Navigate Your Financial Milestones with Confidence
Big Property Plans? This 15-second form will help us bring them to life!
Free no-obligation consultation
Hassle-free throughout
Easy application process
Loans from £50k to £5m
Loan to value up to 75%
Directors Assessment in just 2 hours
Key Features
Up to 75% LTV
Terms from 1 to 24 months
Funds paid to you within 3 working days*
No proof of income required
How Andrews Mortgage Solutions Can Help
Looking for a speedy and affordable way to secure financing for your property deals? Well, look no further than Andrews Property Solutions.
We source loans with the best interest rates and lowest monthly payments. When you apply, we'll work hard to provide you a directors assessment within a mere 2 hours. And the best part? You can expect those much-needed funds to land in your account within just 3 working days. It's financing made easy and quick!
Your Bridging Finance in 4 Simple Steps!
Provide Us Some Info
Once you have spent 30 seconds of your time filling in our online form, we’ll spend the time to understand
your needs and get in touch with you.
Approval
You will be sent a Decision in Principle, once the terms have been agreed we'll help you complete all the necessary paperwork for submission.
Instruction
We will instruct a surveyor to value the property; once we have received this we will then instruct solicitors to complete the transaction.
Completion
Once the solicitor has all the necessary paperwork your funds can be available on the same day.
About Andrews Mortgage Solutions
At Andrews Mortgage Solutions, we've got a solid 30+ years of experience under our belt in the lending and mortgage industry. What makes us stand out? Well, we're all about speed, discretion, and personalised service. Picture this: we can assess your situation and provide you with a director's assessment in just 2 hours. Need detailed terms? We've got those ready for you within 4 hours. And if you're in a hurry for funds, don't sweat it, we can get them to you within 72 hours.
Our lending options cover everything from first, second, to even third charges, with advances ranging from a modest £50,000 to a whopping £5 million. Plus, we make sure that we discover competitive lending rates from lenders all over the country. But what truly sets us apart is the exceptional service we provide. We specialise in crafting custom financial solutions for clients all across the nation, whether it's for the short term, medium term, or long term.
Ready to learn more? Just give us a ring at 0333 577 3350 for a quick, efficient, and personal chat. Alternatively, you can fill out our enquiry form, and we'll get back to you without delay. Your financial goals matter to us, and we're here to help you reach them.
Frequently Asked Bridging Questions
What is a Bridging Loan?
A bridging loan is a type of short-term financing, typically used to "bridge" the gap between a debt coming due and the main line of credit becoming available. They enable buyers to purchase a new property before selling their existing one. Bridging loans are usually short-term (6-12 months) and are secured against property or other assets.
How Quickly Can I Obtain a Bridging Loan?
Bridging loans can often be arranged more quickly than traditional loans. Depending on the lender and the complexity of the borrower's situation, it can take anywhere from a few days to a couple of weeks. The speed of obtaining a bridging loan is one of its main advantages, especially in time-sensitive situations like property auctions.
What are the Interest Rates for Bridging Loans?
The interest rates for bridging loans are generally higher than those for traditional mortgages or loans, reflecting the higher risk and short-term nature of the loan. Rates vary widely depending on the lender, the borrower's circumstances, and the security provided. It can be a minefield but it's our job to get you the best rate on the best terms.
What Security is Required for a Bridging Loan?
Bridging loans are typically secured against real estate assets. This could be a residential property, commercial property, or land. In some cases, lenders may accept other types of assets as collateral, but this is less common. The amount that can be borrowed is usually a percentage of the value of the security offered.
Can I Get a Bridging Loan with a Poor Credit History?
Yes, it's possible to get a bridging loan with a poor credit history, although it may affect the terms of the loan. Bridging loans are secured against property, so the lender's primary concern is the value of the collateral rather than the borrower's credit history.
What are the Repayment Terms for Bridging Loans?
Bridging loans have different repayment terms compared to traditional loans. They are typically interest-only loans, meaning you only pay the interest each month, with the principal repaid at the end of the term. The loan term can range from a few months up to a year or more. Some lenders offer flexible repayment options, and it's important to be aware of any potential penalties for early repayment.
Ask for friendly bridging advice
We have access to specialist Commercial Lenders who we have fantastic relationships with. We have access to bridging loans, development loans, and auction finance for a variety of situations and property types. Call us today or complete our contact form to make an enquiry.
499 Bath Rd, Saltford, Bristol BS31 3HQ
Company registered in England and Wales No. 13850372
Andrews Mortgage Solutions LTD, Company number 13850372 is authorised and regulated by the Financial Conduct Authority, Registration number 971416, in respect of
mortgage, insurance and consumer credit mediation activities
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