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Expert bridging finance advisors.

Need to bridge a gap and get the cash flowing within your property portfolio? Our specialist short-term finance advisors are here to help you access bridging loan providers suitable for you.

Your home may be repossessed if you do not keep up repayments on your mortgage. When The Bank Says No is a mortgage broker, and not a lender.

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Bridging Finance Brokers

When you need to bridge a gap in your finances, we are there to find suitable finance options for you.

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Bad Credit Mortgages

When your credit record isn’t the best and you’re struggling to find a lender, we can step in so you don’t miss out on your dream home.

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Need help navigating buy-to-let mortgages? With our help we’ll make it easier than you think, even if you have bad credit.

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Remortgaging

Remortgaging doesn’t have to be tricky, whether you are looking to remortgage to consolidate debt, buy another property or finance home improvements.

Finding The Best Bridging Finance Deal For Your Circumstances

Bridging finance is a short-term solution, helping property investors take advantage of new opportunities even when cash flow is delayed. Despite this, the implications, requirements, and repayment terms can be complicated, so it’s important to get expert advice before you make any decisions. Our specialist bridging finance advisors can guide you through the whole process, explaining anything you don’t understand, and helping you access the most suitable product for your needs.

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Helping you bridge the gap.

Being stuck between property sales is stressful, and we understand how frustrating it can be to struggle to get that cash flowing again. Bridging loans, whether for residential bridging, auction finance, development finance, or property development finance, can help you move forward with your plans, but they can be complicated.

Never fear; our team of professional finance advisors are here to inform and advise you every step of the way. With our market insights, in-depth research, and professional guidance, you are sure to achieve the right finance solution and better bridging loan interest rates for you and your property portfolio.

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Let's get the ball rolling.

We can support you and help you to make yourself as attractive to banks as possible, ready for your next application!

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In order for us to assess your credit history and suitability for different mortgage products, you will need to check your file.

Turning Your Nightmares Into Dreams

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When you think you’ve hit that brick wall and have all but given up hope of finding mortgage finance, When the Bank Says No are here to turn your ‘No’ into a ‘Yes’. We have access to a range of specialist lenders who are willing to help those that the High Street banks just won’t touch. Get in touch today and see how we can turn your dreams into a reality.

Frequently Asked Questions

What is bridging finance?

A bridging loan is a short-term lending solution, intended to help people bridge the gap (hence the name!) between homes if they want to buy a new property before their current one has sold. With this type of development finance, the loans are typically used for buying an investment property at auction, or to make properties inhabitable and therefore mortgageable.

The key benefit of bridging finance is that it allows people to move fast, which is why it is commonly used by property investors and developers who want to take advantage of new opportunities. Looking to get started with bridging finance? Talk to our team of short-term finance experts today!

Bridging loan cost is usually somewhat more expensive than normal residential mortgages, with bridging loan interest rates falling anywhere between 0.5% and 1.5% per month higher, and set-up fees standing at around 2%. As with any loan secured against your property, there is also the risk of losing your home if you cannot keep up with repayments or your exit strategy fails.

When you take out a bridging loan, a ‘charge’ is placed on your property which determines which lenders should be paid back first if you default on your repayments. If you’re concerned about the implications of bridging finance, talk to us today and our specialist advisors will explain everything you need to know before you apply!

Bridging loans tend to fall into 2 main categories: closed and open. Closed bridging loans refer to bridging finance with a fixed repayment date. This type of loan is common if you have exchanged contracts on a new property, but haven’t quite completed the property purchase.

An open bridging loan, on the other hand, has no fixed repayment date but is typically expected to be repaid within 12 months. It’s important to note that whether your loan is a closed bridging loan or open, you will need to supply evidence of a clear and realistic strategy to repay the loan and get approval, such as using equity from a property sale or remortgaging.

A first charge bridging loan is a legal agreement that is put in place in case you are unable to repay your loans. It states that your bridging loan should be repaid first in these circumstances, before any other loans from any other lenders. It essentially demarcates the order of repayment priority.

second charge bridging loan still takes your property as security but indicates that if your home is sold to repay your debts, this loan should be paid back after your mortgage, not before. This type of bridging loan is typically offered to clients who still have a mortgage on their property.

Bridging loans can vary in how interest is repaid. With some, the borrower will make monthly interest payments, but the majority of bridging finance lenders allow the interest to be dealt with as a part of the loan and is paid when you repay the loan at the end of the loan term, usually 12 months after it was taken out. If you wish the interest on your bridging loan to be paid on a per-month basis, it is possible we can find a specialist lender who can facilitate this.

Yes, bridging loans can be used for a deposit and make great short-term solutions if you are struggling to get a deposit together – they are designed to ‘bridge the gap’ between property sales. Most commonly they are used by property investors who need to get cash flowing and consolidate their borrowing but are facing delays at some point in the process – whether that is planning permission, property sales, project interruptions, or something else.

Regulated bridging loans are essentially residential bridging loans and are authorised by the Financial Conduct Authority (FCA), thus providing a degree of protection to borrowers. They are secured against the property that the borrower lives in or intends to live in. A regulated bridging loan is commonly used in circumstances where there is a break in a property chain and the borrower needs to raise cash, or ‘bridge the gap’, to purchase a property before their own is sold.

Unregulated bridging loans have no FCA protection as they are essentially used for business purposes. It is assumed that businesses don’t require the same level of protection that consumers do when making such transactions. Common uses for unregulated loans is the purchase of land before obtaining planning permission, funding works to a property, or securing a commercial property quickly.

Both regulated and unregulated bridging loan finance are effectively secured loans since the loan lenders will require security against the residential or commercial property owned by the borrower.

Yes, bridging loans make great short-term solutions if you are struggling to get a deposit together and help with bridging the gap between property sales. They are commonly used as property finance or auction finance by investors who need to get cash flowing and consolidate their borrowing but are facing delays at some point in the process – whether that is buying a property at auction, planning permission, property sales, project interruptions, or something else.

Like mortgages, bridging loans are a type of secured loan and typically require you to provide a property as security. When you get a bridging loan, a charge is placed over your property – either first or second – which dictates its repayment priority when the property is sold.

The property you use as security could be anything from a primary residence to a commercial building, to a mixed-use development or a building plot. As long as it can be sold and generate the value of the loan, it will be eligible for security. Contact us today; we can advise you about every aspect of applying for a bridging finance loan!

Specialist support to get a bridging loan.

When the Bank Says No has helped full and part-time property investors all over the UK achieve the property development finance they need to access their latest opportunity. As bridging loan brokers, we simplify the process of making a bridging loan application.
With us, you can stride forward with your plans, without worrying that you’re not getting the right deal or loan interest rates from bridge loan lenders. We’ll scour the market, compare bridging loan finance (regulated and unregulated where appropriate), and find the most suitable and best-bridging lenders and products for your requirements, and ensure you have the highest chances of approval.

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