Bridging loans are designed to "bridge the gap" between a present expense and a future cash flow. With this in mind, they are useful tools for landlords or homeowners who intend to refurbish or renovate their property. By providing property owners with liquidity, refurbishment bridging loans enable them to increase their property's value without requiring the cash up front.

It is important to consider the structure of the bridging loan prior to application. One important factor to consider is whether the interest is rolled-up or serviced:

Serviced Interest: The borrower will make regular payments to the lender in order to repay the interest as it is accrued.

Rolled-up Interest: The interest accrued will be retained and repaid in a lump sum payment at the end of the loan term.

While bridging loans enable borrowers quick, flexible access to finance, it is important to know when to use them. Below, we've shared the top bridging finance products available for refurbishment projects. I trust you will find this information useful.

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Refurbishment Bridging Rates

Description: Bridging loan for the purchase and refurbishment of a one-bedroom apartment in Sloane Gardens, Chelsea.

Loan Amount: £700,000

Debt: Refurbishment Bridging Loan

Term:12-Months

          Description: Loan to fund the purchase and refurbishment of a commercial office building

Loan Amount: £1,250,000

Debt: Refurbishment Bridging Loan

Term:18-Months

          Description: Bridging Loan for the refurbishment of client’s home in Covent Gardens.

Loan Amount: £1,850,000

Debt: Refurbishment Bridging Loan 

Term:12-Months

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£500,000+

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