The world of property investment and development are always changing, with new opportunities emerging all the time. And with continuously rising interest rates and the current economic climate as it is, many property investors are looking for a flexible and personalised approach to their borrowing needs.

In order to take advantage of new property deals and opportunities, investors and property developers need to be able to move quickly and have access to the right funding. That’s where bridging loans come in. 

Bridging loans are a type of short-term finance that can be used to (as the name suggests) bridge the gap between an investor or developer’s current position and their desired outcome. In this blog post, we’ll look at some of the ways in which bridging loans can be used to finance property purchases even in uncertain times. 

Bridging finance can be used for a variety of different purposes within the property sector, including:

  • To buy property at auction 
  • To refurbish or convert a property 
  • To finance the purchase of a dilapidated property 
  • To capitalise on a short-term opportunity 
  • To finance the purchase of a portfolio of properties

Stricter lending criteria introduced by many banks and building societies since the onset of the financial crisis in 2008 has meant finding personalised finance products via high street lenders has become more and more difficult to secure.

Bridging loans are typically arranged on a case-by-case basis and the lender is more likely to take a common-sense approach to the transaction. This means that the finance can be tailored to each individual borrower’s needs. This flexibility makes them an ideal solution for those who need access to quick funding in order to make the most of a time-sensitive opportunity. 

At Unique Property Finance we specialise in providing competitive Bridging loans that are bespoke to our client requirements.

We recently supported a local property developer in purchasing a dilapidated property, the property was highly sought after, with a number of high profile investors seeking to get the deal over the line. We were able to act quickly to secure the ideal bridging loan for our client, who was able to purchase the property, refurbish and refinance at a healthy profit. 

In conclusion, bridging loans can be an extremely useful tool for investors and developers who need quick access to funding in order to take advantage of time-sensitive opportunities. If you’re looking for a flexible and tailored financing solution, then a bridging loan could be the perfect option for you.

If you are considering a bridging loan and would like to discuss the various options available, please speak to our expert bridging finance brokers at 020 3645 4322 or send us an email via info@unique-finance.co.uk.