Fast bridging loans, quick financing from £10k to £250m in as little as 3 days
Our experienced bridge finance experts can help you get a bridging loan fast, you could borrow from £10k to £250m in as little as 3 days with our fast bridging finance service.
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Quick bridging loans by ABC Finance
We’re experts at arranging fast, low-cost bridging loans
Our aim is to save you time and provide a bespoke service that suits your unique circumstances. The speed at which your bridging loan is arranged depends very much on the lender you choose and this is where we can help; ABC Finance specialises in fast bridging finance matching you to the right lender from our wide panel.
ABC Finance has deep experience in bridging finance and our friendly experts can guide you through the process, including paperwork requirements, supporting you to ensure a quick turnaround.
- Fast access to funding
- Borrow from £10k to £250m
- Written terms within two hours
- Funds transferred to your account in as little as 72 hours
- Friendly and expert team to guide you through the loan process
How quickly can you get a bridging loan?
Bridging loans can be arranged very quickly, the loan process can typically be completed, included transfer of funds within 3-21 days. If you are looking for urgent funding then get in touch as ABC Finance can work with our wide panel of lenders and get a funding decision in hours. Bridging loan funds can be made available in a matter of days in some cases.
You can read the ABC Finance guide to bridging loan timescales for further information on how long the application process takes.
What can you do to speed up the loan process?
If you need an urgent bridging loan it is advisable to work with a specialist bridging loans broker, this is because applying to lenders individually is a time-consuming process and repeat applications are not helpful for your credit file.
A broker will advise on what documentation is needed, from the list above, and match you with lenders that suit your circumstances; for example, if you have adverse credit or require a particularly significant amount of funding. It is essential that you are upfront with your broker, or lender if you apply directly, about your circumstances so they can find a solution that works for you from the outset.
If you are looking for a fast bridging loan it’s likely you will have to forego some of the optional stages in the loans process, such as undertaking surveys. This will increase the risk to the lender and so rates are likely to be slightly higher for a speedy turnaround.
If you chose to use a solicitor, and in some cases this will be a requirement, make sure to use a solicitor with experience in the bridging loans sector to streamline the process.
How easy is it to get fast bridging finance?
Getting bridging finance is generally easier than securing a traditional mortgage, as lenders prioritise the value and security of the property over personal creditworthiness. Bridging loans are designed for speed, with many applications approved within days, making them suitable for time-sensitive situations like auction purchases or chain breaks.
Eligibility largely depends on the loan-to-value (LTV) ratio, the property’s value, and a clear repayment strategy, such as a sale or refinance. While bad credit or unconventional properties can pose challenges, many lenders specialise in such cases.
However, bridging finance comes with higher interest rates and fees compared to standard loans, so it’s important to ensure affordability. Working with a specialist broker can streamline the process and connect you with the most suitable lenders for your needs.
What is bridging finance?
Bridging loans are a flexible form of funding for significant purchases such as buying property, expensive equipment or land. They can be arranged quickly and support a range of purposes. This type of funding is growing in popularity and is used by residential homeowners and commercial investors alike for situations where a mortgage isn’t possible or can’t be arranged in time.
A bridge loan is not a mortgage, although it is secured against property, and can help provide finance when you are buying a home, commercial premises or land. It is a short term product that originated in the residential property market in the 1960s. The loans were a niche product to ‘bridge’ the gap between selling one property and buying another.
As a short-term form of funding a bridging loan has an average repayment term of up to 12 months, although this can extend to 36 months.
The bridge loan market has been growing rapidly over recent years and bridging finance is popular with investors and property developers. A fast bridging loan can help in a variety of situations, such as buying a property at auction when the full purchase price must be settled within a month.
Interest rates are applied on a monthly basis, in most cases, and paid back at the end of the loan term.
How much does a fast bridging loan cost (including interest rates and any set-up fee)?
The average cost of a fast bridging loan is between 5.64-12.2% per annum. The difference in cost is decided by the loan to value, the applicant’s credit history, property type and your plans for the property.
The strongest bridge loan applications will benefit from the lowest costs.
These are applications below 50% LTV with a clear credit history that are secured against residential property.
While bridge loans cost more than a traditional mortgage, which are around 3-5% per annum, they also offer you more opportunities to profit from property.
This can be through grabbing a bargain by completing quickly or adding value through property development or refurbishment.
Can bridging finance be used for auction purchases?
Yes, bridging loans are often used by property investors and developers for auction purchases. The short duration of the application process and quick access to funds make bridging loans the ideal choice for purchasing property at auction where a fast completion time is key.
When planning to use a bridging loan for this purpose, it is crucial to have a clear exit plan in place, such as refinancing or the resale of the property, to repay the loan within the agreed term.
Consulting with a credit broker or bridging loan broker can provide valuable tips and guidance to ensure that the financing meets the requirements of your auction purchase.
Bridging loans for an auction purchase is known as auction finance.
