Bridging the gap not a problem for Matt.

11 March 2024

Bridging literally means you build a financial bridge from one product to another. 

If you are looking to buy a property without selling or are held up waiting for your sale to complete on your existing property a bridging loan could be the answer. 


What is a bridging loan?

Bridging loans work by literally bridging the gap in your finances from the purchase to the sale of a property. This type of lending helps you move forward by giving you access to funds, quickly, when you need them.

Features of bridging finance:

  • Bridging loans can be arranged quickly.
  • They can be used as a short-term alternative to a traditional mortgage on any type of building, or for development or refurbishment projects that do not qualify for a traditional mortgage.
  • The cost of borrowing tends to be higher than a traditional mortgage.


Finding funds for home improvements

In this instance our client had a first charge mortgage against their property and was looking for some funds quickly to complete home improvements to increase the value of the property, before selling.

We originally completed a second charge bridging application so that the mortgage could remain. However, at the 11th hour the existing mortgage lender would not allow the client to take a second charge bridge. The client needed a very fast first charge bridge to repay the existing lender and raise the funds they needed to complete the home improvements.

Matt’s great relationship with the second charge lender meant they were very co-operative in finding a solution. They allowed Matt to convert the case to a first charge bridge and issue a new offer in less than 24 hours.

The case completed quickly, the client was delighted at the speed Matt found a solution to allow the case to proceed.



Property type: Listed period farmhouse
Loan type: 1st Charge bridge
LTV: 50%
Loan size: £1,924,000
Location: Newbury, Berkshire


Using Bridging loans can be complicated, and an exit strategy should be in place – our expert team can help.

For more information or to discuss your needs call Matt Davey on 07802 657 523


Your home or property may be repossessed if you do not keep up repayments on your mortgage.

For mortgages, we can be paid by commission or a fee of usually £995 or a combination of both. The actual amount will depend on your circumstances.