Bridging Loans Advice

Free Expert Advice

Crystal Bridging Loans provide free expert advice to help you obtain the most appropriate bridging loan based on your circumstances.

Our experienced and dedicated team offer advice on every aspect of bridging loans and we guide our customers from start to finish. We are dedicated towards making the process and experience smooth and jargon-free! Contact us today if you’re looking for advice from our friendly finance advisors.

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CALL US TODAY on 0203 940 8544 TO GET ADVICE AND A FREE TAILORED QUOTE.

Bridging Loan advice - 4 Key Benefits

Bridging Loans are quick to arrange, so you can receive the money you need, fast. They are ideal if you need large amounts of money quickly, such as when purchasing property at auction.

Bridging loans have flexible criteria. All loan applications are judged on their own merits, with more flexibility with regards to credit history, proof of income, and credit arrears.

Bridging loans can be used for any legal purpose, from bridging a gap in finances to close a chain, to buying property, funding property development, and raising working capital.

Bridging loans offer flexibility with regards to the type and condition of property used as security. Whether in disrepair, in need of renovation, or an unusual type, all properties are considered.

Most frequent questions and answers

How Does a Bridging Loan Work?

A bridging loan is a short-term finance solution used to bridge a gap in your finances until long-term financing or alternative funds are put in place. Bridging can be arranged faster than a normal mortgage and secured on property not eligible for traditional finance. Bridging loans can be used for a variety of purposes, from auction purchases to chain breaks.

Is There An Alternative To A Bridging Loan?

Bridging is often the best borrowing option, but there may be a better alternative based on your circumstances. Depending on what you want to use bridging finance for, a few alternatives include buy-to-let mortgages, asset refinancing, development finance, secured loans, commercial mortgages, and refurbishment loans.

How Quickly Can I Get A Bridging Loan?

Bridging loans are quick to arrange and offer a faster turnaround than traditional mortgages. Although it is possible to have your loan within 48-72 hours, it is more likely that your application will be approved within 24-48 hours, and you can then expect to have the funds released in 2-4 weeks.

How Much Can I Borrow On A Bridging Loan?

The amount of money you can borrow through bridging will depend on the value of the property or land you are securing a loan against. Often there are no upper limits on the amount of money you can borrow. Typically, lenders will provide bridging loans from around £10,000 with no maximum value that you can borrow.

How Long Can You Have A Bridging Loan For?

Bridging loans are a short-term loan, which means they are designed to be repaid in full over a short period of time. So, most bridging lenders provide loans from around 1 day up to a maximum of 18 months, whilst some offer up to 36 months.

What Is A Closed Bridging Loan?

A closed bridging loan is a loan with a fixed repayment date. This type of loan has a guaranteed exit date when the loan must be repaid by. It is usually based on when you know you’ll have funds available to pay back what you owe.

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