Residential bridging finance can be a useful tool for homeowners looking to purchase a new property without having to wait for their existing property to sell
LTV up to 70%
LTV up to 75%
LTV up to 75%
LTV up to 80%
Residential bridging finance is a short-term loan used to bridge the gap between the purchase of a new residential property and the sale of an existing one. It is often used by homebuyers who want to buy a new property before selling their current one.
The typical scenario where residential bridging finance is used is when a homeowner finds their dream home but hasn’t sold their existing property yet.
In such cases, they may not have immediate access to the funds needed to purchase the new property. Residential bridging finance provides them with temporary funds to cover the purchase until they can sell their existing property and repay the loan.
Residential bridging finance can provide you with the flexibility and financial support needed to navigate the complexities of buying and selling residential properties simultaneously.
If time is of the essence for a residential property deal
If you need more time to sell your existing property
Providing funds to purchase a new home before selling the existing one.
Full transparency and flexibility to manage your finances easily
Once you’ve decided residential bridging finance is right for you and you’d like to start the application process, our team is on hand to guide you through the entire process. This involves completing the necessary paperwork and application forms, and identifying the solution that fits best. Click here to reach out to Bluecroft and a member of our team will get back to you within 24 hours.
If you are in the process of selling your existing home and purchasing a new one, but there is a delay in the property chain, you may opt for a residential bridging loan.
If you are planning to downsize or upsize your property, you may need short-term financing to bridge the gap between selling your current home and purchasing a new one.
In situations where you inherit a property through probate and wish to sell it, a bridging loan can provide the funds needed for any necessary repairs or improvements before selling the property.
Property investors may use residential bridging finance to act quickly and secure investment properties or take advantage of time-sensitive investment opportunities prior to securing long-term financing.
A common misconception is that bridging loans are only used when purchasing property at auctions or when buying a new property before you have sold our existing one. Whilst they can be used for these pruposes, they can also be utilised in other scenarios too, including when tradtional mortgages aren’t suitable or when a business has been suffering financial difficulties and their existing lendor will not lend any more funds.
Choose Bluecroft Finance for your bridging loan and experience unparalleled speed, flexibility, and accessibility. We provide quick approval and funding, tailored to meet the needs of unique circumstances. Whether you’re a property developer, investor, or business owner, our transparent rates and terms ensure clarity and peace of mind.
When time is of the essence
We’ll guide you through the process
An alternative to traditional lending
To help you when you need it most
Bridging finance offers speed, flexibility, and accessibility, making it a powerful tool for individuals and businesses alike. With quick approval processes and tailored repayment options, bridging loans are ideal for urgent financial needs such as property purchases or temporary cash flow issues – get in touch with Bluecroft and we’ll be in touch to help you unlock your funding today.
