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What is a bridging mortgage?

Bridging mortgages, also known as bridging loans or bridging finance, provide short-term borrowing secured against a property.

Typically lasting 12 to 36 months, these loans are repaid through a mortgage or property sale.

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What are bridging mortgage used for?

Considered a specialist lending product, bridging mortgages serve various purposes, such as property purchase, auction finance, or capital raising.

They’re also used for property refurbishment, development finance, resolving broken property chains, financing non-mortgageable properties, and addressing complicated situations.

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How does a bridging mortgage work?

Bridging mortgages offer fast, short-term lending solutions, albeit with higher arrangement fees and rates compared to traditional mortgages.

Alternatively, secured loans may be recommended depending on your circumstances. Working with an independent mortgage broker like us can save you time and money by exploring the best options for your needs.

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Bridging Mortgage FAQs

Are bridging mortgages a good idea?

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Utilising a bridging mortgage for short-term financing can be a savvy move, provided it aligns with your goals. Seeking guidance from a trusted independent advisor is paramount to avoid costly errors and save both time and money.

Bridging mortgages offer swift setup and act as a ‘chain break’ until a property is sold or a new mortgage is secured, making them ideal for time-sensitive transactions. Typically ranging from £5,000 to £25m+, these loans can be arranged within days.

In practice, investors often use bridging mortgages for property development or high-end residential purchases to bridge the gap between a sale and a purchase. However, it’s essential to factor in the associated costs when calculating potential returns on investment.

How much does a bridging mortgage cost?

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While bridging mortgages can be expensive, they provide an effective solution for specific needs.

Though setup fees and interest rates may be higher than traditional mortgages, they offer short-term relief.

For those considering a bridging mortgage for property purchases, it’s crucial to incorporate any associated costs into the property’s overall expense.

These loans are often used in auction purchases requiring immediate payment within a 28-day timeframe.

How to get a bridging mortgage?

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Obtaining a bridging mortgage through a mortgage broker can streamline the process, saving time and money.

Since bridging finance is considered specialist lending, many lenders offer their products exclusively through brokers. Given the complexities involved, mistakes can prove costly.

During the application process, you’ll need to provide details of your assets, liabilities, and income.

A repayment plan, such as property sale proceeds or future remortgaging, is essential. Your broker will assess available deals and recommend the most suitable bridging mortgage based on your circumstances.

How quickly can I get a bridging mortgage?

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Bridging mortgages offer rapid payouts, typically within a week or two, addressing urgent financial needs. Effective collaboration with your broker and prompt provision of required information speed up the application process.

Experienced brokers can identify suitable lenders early on, further reducing processing time.

What are the typical terms for a bridging mortgage?

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The terms of a bridging mortgage vary based on individual requirements. Whether you need short-term funding for property sale proceeds or a longer duration for refurbishment projects, there’s flexibility to accommodate diverse needs.

Bridging finance can extend up to 24 months, depending on the situation. Bridging finance is available for properties with existing mortgages or those mortgage-free, catering to a wide range of scenarios.

What are the interest rates on bridging mortgages?

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Bridging mortgage interest rates are typically higher due to the loan’s speed and short-term nature, reflecting increased risk for lenders. Despite this, bridging mortgages can offer cost-effective solutions for specific customers.

What is the purpose of a bridging mortgage?

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Bridging mortgages serve various purposes, including property transactions, auction purchases, property development, business needs, and complex situations. Each scenario requires a tailored approach to ensure optimal outcomes.

What are the different types of bridging mortgage?

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Various types of bridging mortgages are available, each catering to specific needs and circumstances. From closed and open bridging mortgages to residential, commercial, and development finance options, there’s a solution for every requirement.

What are the alternatives to bridging mortgage?

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Depending on individual circumstances, alternatives to bridging mortgages may be viable. Options such as regular mortgages, secured loans, personal loans, development finance, and fast house buying companies offer alternatives to suit different needs.

Bridging Finance Advice – Why Use Us?

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Clients receive a free consultation to explore their options and chart a course forward. Whether booking online or by phone, our advisors are available to address queries and outline the fees and costs associated with bridging loans.

8 Reasons to Choose UK Moneyman

Open 7 days a week until late.

We're flexible around your work and family, we'll be there when you need us.

Mortgage appointment at no cost to you!

No upfront fees payable, we are paid on results only.

You'll get your own dedicated case manager.

You'll always know who you are dealing with.

We're on your side, we work for you.

Getting your first mortgage can be a daunting experience. We’ll hold your hand all throughout the process.

Jargon-free insurance advice.

We'll recommend appropriate insurance products to ensure you can stay in your home, should you become seriously ill or unable to work.

1000s of potential options.

We shop around for the cheapest deal for you, saving you time and money.

We're experienced and knowledgeable.

There isn't a situation we haven't come across before, we fully understand your needs.

Your mortgage advisor will be with you every step of the way.

We'll help you overcome hurdles that you face along the way, for example, removing the stress of property survey and valuation problems.

Bridging Mortgage Considerations


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Bridging mortgages, often secured against property or valuable assets, provide lenders with security in case of non-repayment by the borrower.

Higher Interest Rates

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Due to their short-term nature and higher risk, bridging mortgages typically carry higher interest rates compared to traditional mortgages.

Speed and Accessibility

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A key advantage of bridging mortgages is their swift processing, making them ideal for time-sensitive transactions. With efficient guidance from our expert team, bridging finance can be arranged in a matter of days.

Flexible Repayment

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Repayment terms for bridging mortgages vary, with options including monthly interest payments and principal repayment at the loan’s end. Our advisors will discuss these options in detail to find the most suitable solution for you.

Exit Strategy

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Bridging lenders require a clear exit strategy, outlining how the loan will be repaid. This often involves securing long-term financing or completing the sale of an asset.


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While creditworthiness is considered, the focus of bridging mortgage approval lies more on collateral value and the viability of the exit strategy.

Associated Costs

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In addition to interest rates, borrowers should consider other costs like arrangement fees, valuation fees, legal fees, and potential early repayment charges. Our advice process ensures transparent disclosure of all associated costs.

Risk Considerations

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Borrowers must weigh the risks of bridging loans, including challenges in securing long-term financing or selling the asset within the expected timeline. Our team provides thorough guidance to mitigate these risks effectively.

UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at

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