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:
See our latest testimonials from happy customers who have received Residential Bridging Loans.
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 and Scotland
Up to 75% loan to value, 100% with additional security
21
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
Quote within 10 minutes of enquiry, credit backed decision the same day
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
At Rapid Bridging, we work with homeowners, home movers, landlords, and property developers to find the fast finance 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.
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”.
“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”.
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.
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 WILL RECEIVE COMMISSION FROM LENDERS. DIFFERENT LENDERS PAY DIFFERENT AMOUNTS DEPENDING ON DIFFERENT COMMISSION MODELS. FOR TRANSPARENCY WE WORK WITH THE FOLLOWING COMMISSION MODEL: PERCENTAGE OF THE AMOUNT YOU BORROW AND RATE FOR RISK (THIS IS BASED ON THE RISK PROFILE Of THE BUSINESS ) FURTHER DETAILS OF THE COMMISSION MODEL, CALCULATION AND AMOUNT WILL BE DISCLOSED TO YOU THROUGHOUT YOUR CUSTOMER JOURNEY.
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.
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.
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.
Fast-track and quick bridging loans nationwide. Enquire today and we’ll get back to you within 10 minutes.
Rapid Bridging Ltd are a National Association of Commercial Finance Brokers (NACFB) Approved Member
WE ARE A CREDIT BROKER, NOT A LENDER. WE WILL RECEIVE COMMISSION FROM LENDERS. DIFFERENT LENDERS PAY DIFFERENT AMOUNTS DEPENDING ON DIFFERENT COMMISSION MODELS. FOR TRANSPARENCY WE WORK WITH THE FOLLOWING COMMISSION MODEL: PERCENTAGE OF THE AMOUNT YOU BORROW AND RATE FOR RISK (THIS IS BASED ON THE RISK PROFILE Of THE BUSINESS) FURTHER DETAILS OF THE COMMISSION MODEL, CALCULATION AND AMOUNT WILL BE DISCLOSED TO YOU THROUGHOUT YOUR CUSTOMER JOURNEY.
Rapid Bridging Ltd is authorised and regulated by the Financial Conduct Authority.
Rapid Bridging Ltd is entered on the Financial Services Register www.fca.org.uk under reference 716246. Registered in England under reference 09568514.
Head Office Address: Level 30, The Leadenhall Building, 122 Leadenhall St, London, EC3V 4AB. | Telephone: 0208 150 7528. Registered address: Level 30, The Leadenhall Building, 122 Leadenhall St, London, EC3V 4AB. The information contained within this site is subject to the UK regulatory regime and therefore is primarily targeted at consumers based in the UK. Should you have cause to complain, and you are not satisfied with our response to your complaint you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows.
The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
