3,000+
BRIDGING
LOANS
550+
5 STAR
REVIEWS
Bridging Loan.co.uk is a trading name of Top 10 finance Ltd is authorised by The Financial Conduct Authority (FCA) no 725234 The FCA Think Carefully before securing debts against your home. Your property could be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. We are registered and comply with the Data Protection Act (1998). Registration No: Z2861884 Company registered in England number 06261373. Privacy Policy Together
15+
YEARS OF
SERVICE
3,000+
HAPPY
CUSTOMERS
Julie Livingstone
Gary James
"Great service arranged my Bridging finance where others had failed Zara worked tirelessly to get my deal over the line"
"Zara arranged a bridging loan for a project that was far from simple, she was always there to take my calls and offer advice highly recommended"
We offer to get you the best
Deals on Interest Rates & Deals
Guranteed Lowest Rates
Bridging Loan rates
Interest Rates From UK Lenders
80+ Lenders with over 500 Loans
Always the best deals
Amounts are Fr £25k to £10m
Terms can be for 1 week to 2 years
Interest from 4% pm
Loans anywhere in the UK
When buying a property at auction the buyer only has up to 30 days to complete the purchase, this means that a conventional mortgage or finance is not usually available so in this instance, a bridging loan Auction finance or Mortgage For Auction is taken, these can be taken out for up to one year which then allows the buyer to put in place a conventional mortgage and pay of the auction mortgage.
We offer a comparison service for both Auction finance and Auction mortgages, around 80 lenders offer these with many loans on offer.
The main reason buyers opt for this option is because they can buy a property within the 28 days and also this type of funding does not require the property to be in a habitable condition, the buyer can then upgrade the property before taking out a long term loan or sell the property on for a profit.
The main thing is that if the property is not purchased within 28 days the buyer is at risk of losing the property and also the 10% deposit that has to be paid at the time of the auction.
These loans can be pre-arranged before attending the auction with a decision in principle offered for reassurance that they can fund the purchase if successful, with a view to getting long term finance.
Buying at auction with this finance effectively means, you are like a cash buyer this means many more bargains are available to you rather than buying through a traditional estate agent, these loans can also be used for mixed commercial and commercial properties as well as for all types residential such as flats with long or short term leases, houses of all types and house of multiple occupations.
Interest rates can be as low as 0.4% per month depending on the security that is offered and the loan to value that is required which can be anything up to 80% of the value, this can also be of the actual valuation which can often be more than the amount paid at auction.
Contact Us Now
Contact us to go through all of the options that are available to you can use chat, our web form or give us a call any time day or night and at the weekend. Call Now 0800 138 6001
Residentail Flats & Houses
Commercial All Types
Semi-Commercial property
Land with or without PP
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