Residential Bridging Loans
Secure your dream property before the opportunity passes you by. Borrow from £125,000 to £15 million at 75% loan to value (100% with additional security).
Our bridging loans for house purchase are often used to:
- Purchase residential property to live in, renovate, develop or rent out
- Raise funds against residential property you already own
Everything you need to know about residential bridging loans can be found here.
Ready to get started? Get your quote today.
Individual, corporate, overseas and trust borrowers looking to purchase/refinance property in England, Wales, Northern Ireland and Scotland
Up to 75% loan to value, 100% with additional security
|No upper limit – subject to underwriter review
|£125,000 – £15 million
|Up to 36 months for non FCA loans, 12 months for FCA regulated loans
|Monthly serviced or rolled up
|From 0.55% per month
|First or second charge registered against a property
Speed of decision
|Quote within 10 minutes of enquiry, credit backed decision the same day
Timing of cash
|Can be funded as quickly as 5 working days but normally in as little as 10 working days
|Online enquiry, call, postal applications or face to face meeting
Get your funds within 48 hours
At Rapid Bridging, we work with homeowners, home movers, landlords, and property developers to find the funding you need. In urgent cases, we can get the money you need to you within as little as 48 hours.
Residential bridging loans are perfect for refurbishment projects, bridging the gap between purchase and sale, downsizing, asset purchase and/or refinance, portfolio restructuring, business funding, settling insolvency matters or preventing repossessions.
Ready to apply for your residential bridging loan?
What our customers say
These testimonials are based on individual
circumstances and cannot be taken as a guide or advice.
“We were unable to get a loan anywhere. Nobody would fund building the house. We then approached Andrew who was unbelievably helpful. He was the only person who would even entertain the idea of trying to help”.
- Peter Tillet
“Andrews nature and experience allowed for him to cut through some problems that we found with the other professionals. IE the solicitors and the banks”.
- Alan Overton
For regulated bridging loans the typical APR is 14.60% based on a loan size of £250,000 and fixed for 12 months, regulated bridging loans are for a maximum term of 12 months.
Our trusted lenders
COMMERCIAL AND DEVELOPMENT BRIDGING LOANS ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.
We are a credit broker, not a lender. We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.
Why get a residential bridging loan?
With bridging loans for house purchase, you can borrow money over a period lasting from 30 days to 36 months. All loans taken out on primary residential property (property you live at) are regulated by the Financial Conduct Authority. The maximum legal loan term limit for a regulated bridging loan is 12 months.
Unlike with mortgages, you don’t make monthly payments towards the capital and the interest. Instead, you repay the capital for residential bridge loans all in one go at the end.
As interest is calculated daily vs monthly, you’re guaranteed an accurate representation of the amount of interest you owe.
Bridging loan myths
- Bridging loans are last resorts – no! Bridging loans are flexible, convenient and accessible funding.
- Bridging loans are always risky – no! However, there is still risk associated with any loan. We recommend taking advice on exit strategies from an FCA regulated and Cemap Qualified Broker.
- Bridging loans are expensive – no! Only when they are not repaid in full and on time.
Can I get a bridging loan with poor credit?
Rapid Bridging’s lenders are able to lend to those applicants that have a poor credit history, including those with arrears, bankruptcies, CCJs, defaults, IVAs, response orders, statutory demands, winding up orders and more.
In these cases, lenders will often require borrowers to provide a wider range of exit strategies because of the concern that they will be unable to obtain the finance necessary to repay the loan. Please do not be put off from applying – we have years of experience helping clients with poor credit ratings find the funding they need.
Residential bridging loans are best used for:
Bridging the gap between purchase and sale
Light to heavy refurbishment
Power of attorney loans
Downsizing residential properties
Asset purchase and/or refinance
Land with planning permission & development costs
Settling insolvency matters
The relationships we build with our customers are incredibly important to us. Hear what they have to say, and learn why people across the UK rely on Rapid Bridging time and time again.
“Andrews nature and experience allowed for him to cut through some problems that we found with the other professionals. IE the solicitors and the banks”
“It looked impossible. We tried almost everything. Eventually, it was Andrew and Rapid Bridging that was able to help us solve the issue”
KEN & MARION
“Andrew is a very professional person. He explains things easily, shows you the exit strategy & the way that he works. He really does try to help in a genuine, caring way”
“Professional company, with specialist knowledge. Help me with a very complex financial situation. Would highly recommend”