Bridging Loans
At LJF Commercial Finance, we provide tailored bridging loans in the UK to help you manage short-term financial needs with speed and transparency. Whether you’re bridging a property purchase or funding a time-sensitive opportunity, our expert team is here to guide you every step of the way.
What is a Bridging Loan?
A bridging loan is a short-term borrowing option, typically lasting up to 12 months. It is designed to ‘bridge’ a financial gap, providing quick access to funds for property-related transactions. Interest accrues monthly, and the loan, including the full amount and interest, is repaid once funds become available, such as from a property sale or refinance.
What are Bridging Loans Used For?
Bridging loans in the UK offer flexible solutions for a variety of scenarios, including:
- Chainbreak: Secure your new home while waiting for your current property to sell.
- Property Investment: Fund opportunities like property auctions, buy-to-let purchases, or refurbishment projects.
- Non-Mortgageable Properties: Purchase properties that don’t qualify for traditional mortgages.
- Home Improvements: Finance renovations or upgrades to increase property value.
- Repay Existing Mortgage: Clear an existing mortgage to facilitate a new transaction.
- Rebridging: Replace an existing bridging loan with a new one to extend terms or adjust financing.
Why Choose LJF Commercial Finance?
Our team at LJF Commercial Finance is committed to delivering clear, expert advice tailored to your unique needs. We work with a wide range of lenders to secure competitive bridging loan terms, ensuring you get the funds you need quickly and efficiently. As a trusted broker, we are registered with the Financial Conduct Authority (FCA), and our transparent approach means you’re always informed.
Common Uses For Bridging Loans with LJF
Multi-Unit Freehold Block (MUFB)
Commercial Conversions
This involves converting commercial buildings—such as offices or retail spaces—into residential properties. It’s an ideal solution for investors looking to repurpose underused commercial spaces.
HMO Conversions
An HMO (House in Multiple Occupation) conversion transforms a single residential property into shared accommodation for three or more unrelated tenants. These projects must meet specific local authority regulations and safety standards.
Residential Refurbishment & Extensions
Refurbishments and extensions improve or expand existing homes. Projects can range from cosmetic upgrades to large structural changes and typically require planning, design, and construction work.