Bridging loans are short term loans that can bridge the financial gap and secure your next property. Bridge loans have a variety of uses but are especially used by property investors and developers in the Bournemouth area. This is because, for investors looking to purchase an asset or business property, a traditional mortgage may not be suitable.
Reasons to use a bridging loan:
If you are looking to invest or develop property in the Bournemouth area, a bridging loan with Glide might be perfect for you.
Bridging loans are ideal for commercial use. Loans with Glide are unregulated, which means we can only offer bridging finance on properties that will not be habited.
Purchasing property for commercial use or as an asset may not be suitable for a traditional mortgage, which is where a bridge loan can step in and help bridge the gap financially, until you re-mortgage the property. Purchasing commercial property in Bournemouth is a valuable asset and investment opportunity.
If you’d like to know more about our finance options to secure your next investment property in Bournemouth, click here.
Bridging finance with Glide is aimed to help property developers and investors secure their next business asset. Purchasing property is a worthwhile investment, but it can be difficult to secure traditional mortgages on some properties.
As an investor or developer, time is crucial. Having your funding secured through a bridging loan can help you meet those impending deadlines, pay off financial obligations, and ensure you secure the property of your dreams quickly, securely, and hassle free.
Our online application takes less than 5 minutes and can see you funded in as little as 5 days.
Bridging loans can be used for a host of reasons, which are listed above. However, we’ve broken down some scenarios below.
Auction properties may not be able to be mortgaged, which means you have to find the funding elsewhere to secure the property and ensure you have sufficient funding to get the property into a mortgage state.
A bridging loan can bridge the financial gap and ensure you obtain your next investment opportunity. Additionally, auction properties maintain a 28-day period to complete the purchase, so having your funding secured prior to auction can make a huge difference, allowing you to bid confidently.
Other instances to use a bridge loan may be when a property is in an un-mortgageable state. If the property does not have a bathroom or a kitchen, it will be un-mortgageable. You can use your bridging loan to make the necessary developments to the property to get it into a mortgageable state, mortgage the property, and then use that mortgage to pay off your bridging loan. Simple.
Bridging loans are beneficial for short-term lending, if you need access to funding quickly, or if you have tight financial deadlines. A bridge loan can be the perfect financial bridge to secure your investment goals.
At Glide , we pride ourselves on providing reasonable bridging solutions in the Bournemouth area for everyone. We offer lending solutions to help the next generation of property developers and investors achieve their goals.
Our bridging loans can be
taken out for a period of
up to 12 months
We offer funding of
£50,000 - £20 million
We’re fee free! No
hidden fees, no sneaky
Interest rates from 0.85%
We consider each
application based on
We do not have an
Our application process is incredibly simple and easy. You can apply online in less than 5 minutes and have your decision in principle the same day.
Our process is entirely paper free and can be managed online in our helpful portal.
Unlike other lenders, we won’t request your credit history or employment history, we make our decisions based on the individual and pride ourselves on offering bridging loans to ‘unconventional’ candidates.
We have no dedicated criteria as we make our decisions based solely on your circumstances. We are 100% privately funded and can make faster, more flexible decisions other lenders cannot.
Should you be accepted, we secure the loan against your property or another property with an acceptable LTV. Should you fail to repay your loan or adhere to an acceptable exit strategy, your property may be repossessed.