Need funding before a sale, refinance or longer-term mortgage is ready? Discuss your residential property transaction and exit plan with Rapid Bridging.
A property transaction may require funding before a sale, refinance or longer-term mortgage is ready. If your residential property transaction is in Kensington or Chelsea, bridging finance may be worth considering where short-term secured borrowing is suitable and a credible repayment strategy is available.
Make sure your enquiry provides the exact address and whether the property is being purchased, refinanced, refurbished or used as security for a different property transaction. Do not assume a location or property value guarantees a particular loan amount or loan-to-value ratio.
Residential bridging finance may be considered for a purchase that needs to complete before the sale of an existing home, a qualifying refurbishment, or a refinance where a longer-term arrangement is not immediately available. The lender will assess the security, borrower, amount requested, legal position and exit strategy.
For a purchase-before-sale case, the anticipated sale proceeds need to cover the intended repayment after taking existing mortgage redemption and transaction costs into account. If the planned exit is refinance, consider whether the borrower and property are likely to meet the relevant longer-term lender’s criteria; a future refinance must not be treated as guaranteed.
A property may need refurbishment before it can be sold or considered for longer-term borrowing. If that is part of your plan, explain:
Ask what evidence the lender needs and whether works require permissions or specialist checks. Cost overruns or delays can affect both the exit and the total cost of the borrowing.
A bridging loan is short-term finance and may carry significant costs compared with longer-term borrowing. Before proceeding, request the full illustration and review interest, fees, term, repayment requirements and possible extension costs. Clarify whether interest is paid monthly or added to the loan balance, and consider what happens if the property sale or refinance takes longer than expected.
Secured borrowing can put the property at risk if repayment obligations are not met. The applicable regulatory status and risk warnings must be clear for the product being promoted.
Explain the timing, security and repayment plan to our team.
You can discuss a property in the borough with Rapid Bridging. Availability depends on the property, borrower, security, intended loan and repayment strategy; no location guarantees approval.
It may be an option if the lender is satisfied with the security and the plan to repay from the sale or another accepted route. Build in realistic timing and costs, including the possibility of a delayed sale.
Some products may support eligible refurbishment cases. Provide details of the property, works, budget and exit plan so the broker and lender can assess the specific proposal.
No. The amount offered depends on lender criteria, valuation, loan-to-value, existing debt, property type and exit strategy, as well as other case-specific factors.
Prepare the property details, purchase or refinance terms, amount required, existing secured borrowing and intended repayment route. The team will advise which documents are needed.
If you need short-term finance for an eligible residential property transaction in Kensington and Chelsea, explain the timing, security and repayment plan to Rapid Bridging. Review the full costs and applicable risk information before deciding whether the facility is suitable.
