A bridging loan provides fast access to money with the absolute minimum of formalities & red tape. A bridging loan can be used for many purposes:-

• To buy property quickly, for example at Auction
• To buy a new property before you've sold the one you live in
• For property development
• Overseas property
• Weddings
• Divorce settlement
• To pay off debts
• To buy a business
• Short-term cash injection for a business
• Development finance for building residential and commercial units
• Buying land - with or without planning permission

A bridging loan will always be secured against residential or commercial property, freehold or long-term leasehold. A first or second charge will be taken against new or existing property, or a combination of both.