Bridging finance

For short-term finance with certainty of funds, choose a bridging loan from Phoenix Funding.

What is a bridge loan?

A ‘bridge’ is a type of short-term finance, that usually lasts up to 12 months.

What can bridge loans be used for?

A commercial bridging loan can be used for almost any legal purpose. However, most commonly, bridging loans are used when refinancing, purchasing property at auction, or carrying out a refurbishment.

At the end of the term, the loan is repaid either by the sale of the asset or by refinancing.

Why choose a bridging loan?

Bridging finance is an excellent solution for borrowers who need finance quickly or temporarily. When things move quickly, bridging loans can be the difference between being able to make a purchase, or not.

For example, when purchasing property at auction, many houses will require you to place a deposit immediately and complete in under 28 days. If you do not have the cash and a mortgage in principle is taking longer to process than expected, bridging finance could provide a temporary solution.

Bridging finance from
Phoenix Funding

Loans available:

For residential and commercial properties.

For properties or developments of various sizes.

Up to 70% of the value or purchase price.

From a minimum term of three months.

From a minimum value of £200,000.

With rates from 0.75% pcm.

Maximum term 18 months.

A bright future awaits

Spark property success with certainty of funds from Phoenix Funding.