Many clients come across a property they wish to buy abroad as a holiday home or as an investment. It can be difficult and time consuming to obtain finance in a foreign market and a strict timescale could lead you to lose out on the investment. By placing a first charge on your UK property a bridging loan can provide the funds to complete the purchase of your property abroad.

If you are faced with an unexpected tax demand sourcing traditional forms of finance could mean enduring fines and late payment fees. A bridging loan can be used to pay the tax bill on time and with little fuss.

An opportunity may arise where a business is being sold by a distressed vendor and the speed of completion is a condition of the sale. A bridging loan can be arranged to fund the acquisition at a first charge on the business property or an existing investment property.

A death in the family may leave you in possession of an estate with a large inheritance tax bill.
The tax bill can normally be settled by selling the property but if you are unable to obtain Probate of the Will, which gives you the right to sell the property, then a sale cannot proceed.
A bridging loan can be used to settle the inheritance tax bill by securing the loan on an existing property. The Retained Interest product can be used so you will not have to pay interest on the loan until the inherited property has been sold

Many clients wish to purchase a property at auction but do not have adequate funds for the deposit or, if it is a refurbishment project, they may require additional funds for renovating the property.
A bridging loan can help by placing a first charge on the auction property and using an existing investment property as an additional security to provide 100% financing. Once the client has bought the property the bridging loan can be redeemed through a traditional remortgage.
The loan can be arranged quickly and within auction house deadlines to ensure the client does not lose out on the perfect investment opportunity

A client obtained a great deal on a property but it was in poor condition. He went to his bank to arrange a mortgage but the property was deemed inadequate security.
The client did not want to miss out on the property as he intended to refurbish it and sell it for a large profit. He also required funds for the renovation and had a strict timescale as other developers were interested.
A bridging loan was secured on the property and an existing investment property over six months after which the client sold the property for a large profit and redeemed the loan.