Refinance bridging loans also known as bridge-to-term loans, as they provide borrowers with short-term financing to bridge the gap between the end of their existing bridging loan and the start of a longer-term financing solution, such as a mortgage.
Second charge bridging loans are bridging loans that are secured against a property that already has an existing mortgage. These loans are also known as second-charge loans or second mortgages.
Complex bridging loans are loans designed for borrowers with more complex financial needs. These loans are typically used for more significant or unusual transactions requiring more customised loan solutions than standard bridging loans
Auction bridging loans are a type of short-term financing that is specifically designed to help property buyers purchase properties at auction
Development exit bridging loans are bridging loans that are specifically designed for property developers who have completed a development project and need to repay their existing development finance.
Permitted and light development bridging loans are specifically designed for property development projects.
Commercial and semi-commercial bridging loans are types of bridging loans that are used for commercial property transactions.
Large bridging loans are short-term loans used to bridge the gap between the purchase or refinance of a property and the longer-term financing solution.
Buy-to-let and residential bridge loans are two types of bridging loans commonly used in the property market.
There are generally two interest payment options available for bridging loans: rolled-up interest and monthly interest.