Simple Solutions for Complex Situations
We provide bridging loans for your short-term financing solutions, ideal for property purchases or investments with tight deadlines. At Goodnews Mortgages, we assess your situation to find the best bridging loan option from a range of bridging loan products. Our goal is to ensure you receive fast, flexible funding for your needs whether you are looking for auction or below market value purchase, refurbishment, commercial or regulated bridge loan in UK.
We look at each case and make a cost-effective recommendation based on situations and project requirements.
Refurbishment bridge loans offer short-term financing for property improvements, helping you increase value.
Regulated bridge loans provide short-term financing for properties that are or will be your primary residence.
Large loans help provide urgent funding to purchase property and help buying a lucrative investment.
Commercial bridge loans offer short-term funding for business properties or investment opportunities.
Specialists in complex, Residential, Buy To Let and Commercial mortgages. Adverse credit, multiple incomes, self-employed, or on a visa? We have a solution.
Right Mortgage Options for your unique financial situation, even with low credit scores.
Quick and easy process that matches you with the best mortgage options, without long delays.
With several approvals each month, we have a proven track record even in complex situations.
3 simple steps to getting a bridge loan!
We’ll begin by talking through your financial situation and mortgage needs to find the best options for you. This discussion ensures we understand your goals and can tailor the process to meet them effectively.
Next, we’ll gather and organize all necessary documents, such as proof of ID, income and credit history. Having complete and accurate documentation is essential for a smooth and successful mortgage application.
Finally, we’ll submit your application to the lender and address any additional requirements. Once approved, you’ll receive a formal offer, allowing you to move forward with securing your mortgage.
Our Bridging Loan Mortgages provides the short-term funding you need with flexibility and speed, ideal for navigating the property market.
A bridging loan is a short-term finance solution designed to “bridge” the gap between the sale and purchase of assets, most commonly property. These loans are often used when there’s an urgent need for funds, such as buying a new home before selling an existing one, or acquiring a property at auction. In the UK, bridging loans are gaining popularity due to their flexibility and fast approval times.
Bridging loans provide immediate cash flow and are typically secured against property. They are usually interest-only loans with repayment required in full once the borrower’s funds become available — such as from a property sale, refinancing, or receiving other expected cash flows.
They can be divided into two types:
Bridging loans are ideal for situations where timing is critical, including:
Lenders will consider several factors when reviewing your application:
In addition to monthly interest, expect the following costs:
| Feature | Bridging Loan | Traditional Mortgage |
|---|---|---|
| Approval Time | 24-48 hours | Several weeks |
| Loan Term | 1-24 months | 15-30 years |
| Interest Rate | 0.4%-2% monthly | 3%-6% annually |
| Repayment | Lump sum or interest-only | Monthly repayments |
A bridging loan can be a powerful financial tool, but it’s important to carefully assess your situation and exit strategy. These loans work best for individuals and businesses with short-term cash flow challenges and clear plans to repay the debt within the loan term. If you’re unsure, consulting a mortgage broker can help identify the best financing options for your needs.
Bridging loans offer speed, flexibility, and convenience, making them an attractive option for property buyers, developers, and business owners facing tight timelines. However, it’s crucial to understand the costs and risks involved. Partnering with an experienced loan broker can help you navigate the market, compare lenders, and secure competitive terms tailored to your circumstances.
Get Expert Advice on Bridging Loans
If you’re considering a bridging loan in the UK, contact us today to explore your options and find the best deal. As a trusted mortgage broker, we offer bespoke guidance and competitive solutions to help you meet your financial goals quickly and efficiently.
Goodnews Mortgages Ltd is an appointed representative of CityPlus Network Ltd, authorised and regulated by the Financial Conduct Authority (FRN 787508 – https://register.fca.org.uk/).
YOUR PROPERTY MAY BE REPOSESSED IF YOU DO NOT KEEP UP WITH THE MORTGAGE PAYMENTS. MOST BUY-TO-LET MORTGAGES ARE NOT REGULATED.
You may be entitled to refer to the Financial Ombudsman Service if you have a complaint about us. Ways to complaints are explained on their website www.financial-ombudsman.org.uk. Their support team can be contacted on 0800 023 4567. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
