Bridging Loans
Essex

No upfront fees

Apply in under 5 minutes

Access funds in 5 days

No minimum loan term

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Bridging loan
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Bridge loans are incredibly useful short-term loans that can help you to fund your next property development project and bridge the financial gap between putting in an offer and securing your dream property.

Purchasing development property in Essex? A Glide loan can help bridge the financial gap and assist you with tight turnarounds, unexpected payments, and business purchases. Bridge loans have a variety of uses but are designed to assist with securing property during quick turnarounds where finances may be sparse.

Purchasing property is becoming increasingly more expensive. Never miss out on achieving your property goals with a Glide bridging loan.

Access fast bridging loans
for commercial properties

Need fast funding to secure your commercial or business purchase in the Essex area? A Glide bridging loan can help you to achieve your property goals and meet those quick turnarounds, financial deadlines, secure an auction property, or begin some much-needed refurbishment work.

Glide are 100% privately funded and we make our decisions based solely on your security property and your exit strategy. We can make fast and flexible decisions other lenders cannot and we can see you funded in as little as 5 days.

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Who can bridging loans help?

Bridging loans are used mainly for businesses purposes by property investors and developers. Bridge loans can be used to

Auctions – securing an
auction property

Barn conversions

Quick cash injection
to fund a project

Un-mortgageable properties

Renovation/development properties

Quick investment opportunities

Short term capital

Tax payments

Honour obligatory
payments

We want to offer reasonable funding to the next generation of property professionals. If you’re in the Essex area, a bridging loan with Glide can help you to achieve your property goals quickly, flexibly, and easily.

If you’ve previously been denied bridge loans, a loan with Glide may be right for you. We don’t have an ‘ideal’ borrower and we always assess applications on your security and exit strategy only. We happily consider all borrowers, even if you have been denied finance elsewhere.

If you’re a developer or investor in the Essex area, a Glide loan would help bridge the gap and see you funded to invest in your property goals.

Why would you use a bridging loan?

Bridging loans are used primarily for business purposes by property investors and developers. The main aim of a bridge loan is to ‘bridge’ a financial gap and give you access to funding quickly.

For auction properties, for example, you have a 28-day period to complete the purchase. However, if you did not have the funding ready to go, a bridge loan can pay this off for you while you arrange the rest of your finances. Meaning you can secure the property and have some time to figure out your finances. This is especially useful when purchasing expensive or high demand property in Essex. The difference between securing your ideal property or losing it, more often than not, is insufficient funding.

At Glide, we offer bridging finance to all candidates. If you’re an ‘unconventional’ borrower, a Glide loan may be right for you. If you’re looking to invest or develop in Essex, contact Glide for fair bridging solutions.

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Other instances to use a bridging loan include purchasing an un-mortgageable property. You will not be able to secure a mortgage on some properties, which can leave funds scarce. Using bridging loans to bridge this gap can ensure you secure your ideal property and have enough cash to fix it up and get it into a mortgageable state, secure a mortgage and pay off your bridge loan.

Alternatively, you may need short term funds on a basis of only a month. Bridging finance with Glide sees you funded for as little as you need, we don’t have a minimum term. Need it for a month, you’ll only pay interest on that month – no minimum terms here.

A real example of how Glide can help

Glide were approached by a borrower who was purchasing a property for £2.5 million and had a buy-to-let mortgage for £1 million all lined up ready to go. At the 11th hour an issue arose during the legal due diligence that meant the borrower was unable to complete, and at risk of losing their £250,000 deposit.

Glide stepped in to lend the £1,000,000 with no arrangement fees (saving the borrower £20,000) and were able to complete in just 3 days. The borrower then had the time to resolve the issue and refinanced onto the long term buy to let mortgage 3 weeks later, saving them £250,000 in their deposit, several sleepless nights, and ongoing hassle!

Other funding options may incur unreasonable charges, hidden fees and fixed contracts that make you pay more than you need to. At Glide, our bridging finance is fee free, secured on no minimum term, and we work with you to find a solution that works for both us and you. A Glide loan is the easiest way to secure your development or investment opportunities in the Essex area.

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approval

Why use Glide for bridging loans in Essex

At Glide, we pride ourselves on providing reasonable bridging solutions in Essex for everyone.

  • We’re fee free – no sneaky charges
  • No minimum term – borrow for a month, pay for a month
  • Minimal application fuss – we’re paperless and all our application criteria is online in a helpful portal
  • Applying takes less than 5 minutes
  • You can have funds released within 5 days
  • Glide lend to everyone – including ‘unconventional’ borrowers
  • You will always be put into contact with a decision maker

Our bridging loan

01

Our bridging loans can be
taken out for a period of
up to 12 months

02

We offer funding of
£50,000 - £20 million

03

We’re fee free! No
hidden fees, no sneaky
costs

04

Interest rates from 0.85%

05

We consider each
application based on
individual circumstances

06

We do not have an
‘ideal’ borrower

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The Application Process

Our application process is incredibly straightforward and can be completed online in less than 5 minutes. After that, we can send you a decision in principle the same day.

Our application process is entirely online and can be managed online in our Glide Portal.

We make our decisions solely on the property you secure the loan against and your exit strategy. We do not check your credit history, nor will we ask you to jump through hoops to secure a loan.
We offer bridging loans to everyone. If you’re an ‘unconventional’ borrower, a Glide loan may be right for you. We’ve written a blog on ‘unconventional’ borrowers, you can read it here.

We have no formal guidelines for who we can borrow to. Our decisions are based solely on your unique circumstances, the property the loan is secured against, and your exit strategy.
We are 100% privately funded and have the ability to make fast and flexible decisions.

If you’re 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.

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Bridging loan
Head office Address: Arena Business Centre, 9 Nimrod Way, Wimborne, BH21 7UH
Glide is a trading name of Glide Property Finance Ltd.
Glide Property Finance Ltd. trading as Glide is registered in England and Wales. Company number 15030064.
Glide are not regulated by the Financial Conduct Authority; certain types of loans are not regulated, for example loans for business purposes. Glide only offer loans for business purposes.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR PROPERTY.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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