Bridging Loans for Construction

  • Fast flexible bridging finance
  • Adverse credit and CCJs considered
  • Funds issued quickly
  • quick decision in principle

In the realm of construction and development, time is of the essence, and any project delays due to inadequate funds can incur substantial costs. For builders, the ability to seamlessly proceed with projects without interruption is a coveted aspiration, one that can be realized through bridging loans tailored for new construction endeavors.

 

A construction bridging loan is a lifeline for builders, developers, and property owners embarking on initial construction phases, offering vital funds to ensure project completion. This short-term financial solution proves invaluable for property developers seeking to sustain project momentum. Notably, construction bridging loans are exclusively geared towards covering construction expenses, with the loan amount determined by project costs rather than the property’s final value upon project culmination.

Benefits of Bridging Loans for Construction and Development Projects

  • Uninterrupted Progress: Bridging loans for construction projects ensure seamless work continuity by providing essential funds, preventing delays, and maintaining project momentum.
  • Tailored Financing: These loans are designed to meet the specific financial needs of construction, with loan amounts based on project costs, allowing builders to cover expenses effectively.
  • Quick Access to Capital: Bridging loans offers swift and efficient access to capital, enabling builders to swiftly address financial requirements and capitalize on emerging opportunities in the dynamic construction landscape.

Check Your Rates

Loan type
£
Loan Amount
£
Property Value
£ Build Cost
£ Approx.. GDV
proposed property?
Loan Term
First Name
Last Name
Email
Contact Number

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Why Work With Us?

PropertyFinanaceCompare.com is a team of professional brokers, not lenders. We become a bridge between borrowers and lenders to enter into different types of loan agreements, including both secured and unsecured loan agreements. 

Reliable property development loan comparisons that you can trust. It is always nice to know that our clients are on the right track. What makes us different

 

What makes us stand out from our competitors?

Property finance compare has become a staple form of a brokerage firm that can help clients in almost every commercial property purchase or redevelopment project. The designed financing option help developers to quickly access the funds and compare rates needed to buy various types of commercial property until they are rented sold or refinanced under another mortgage form. 

What is property finance compared for?

In simple words, businesses that are looking for flexibility and growth. We are now working with many property developers, allowing them to compare different funding options and quickly access funds.

What are the benefits of working with us?

Tailored financial advice24/7 customer servicesReputation in the UK property development industryRelationships with a number of top lendersSuccessful project completion records

What’s difference b/w a lender and a broker?

A lender is a financial institution that makes a loan directly to you. A broker does not lend money.

FAQs

Is bridging finance for you?

Bridging loans are a cost-effective financing method that quickly arranges funding for you according to your situation. Our professional brokers also advise you regarding the properties, giving better insights. 

How to compare bridging loans?

  • Evaluate how much you need and how much time you require to repay the loan. 
  • Compare available options
  • Fill out a bridging loan application with your information and financial details. The lender will then review whether you can afford the loan. If you can, they will arrange the finance.

What is a bridging loan for house dues?

Interest isn’t the only cost of a bridging loan. Bridge finance costs can include several types of other fees. Those are:

  • Facility fee: What you pay for setting up the bridge loan. It’s usually around 1 to 2% of the loan.
  • Exit fees: This is usually around 1% of the bridge loan if you pay it back early. 
  • Administration fees: This is what you pay for the official procedure to be completed at the end of your bridging finance.
  • Legal fees: This pays the lender’s legal fees. 
  • Valuation fees: This pays for the surveyor to value your property.
  • Broker fees: If you use a broker, this pays for their work in looking at bridging loans for choosing the best bridge loans for you.

There might be other fees too, so bear this in mind before you decide if bridging finance is right for you.

How to choose the bridging loan?

  • How much do you want to borrow?
  • How much is your property worth?
  • How long do you need to borrow?
  • Whether you have a mortgage on your property

What is included in comparison tables?

Bridging loan comparison tables include providers we are commercially working with. With its help of it, our clients can easily choose the best bridging loan for them.