A Bridging loan is a short-term loan for businesses. Bridge loans are designed to bridge a gap in finances and support a business during this period. Bridge loans are often used in property. For example, say you’re trying to buy a property, but it is not in a mortgageable state. You can apply for bridging finance to provide you with the funds until you can mortgage the property.
From there, you can use the mortgage to pay back your bridge loan. Bridging loans with Glide are fee-free, we don’t check your credit history and there are no sneaky hidden costs.
If you are looking to develop property in the London area, bridging loans are worth considering for various reasons. Property prices in London are incredibly high and this can lead to unsubstantial funding, tighter deadlines, and stress meeting financial obligations.
Having access to bridging finance can literally bridge the financial gap, secure your development property, and see you meeting those quick turnarounds with ease.
Commercial property in London is incredibly pricey and competitive. Whether you’re securing an auction property or a lot to develop, the market is tight and the way to secure your dream property is with substantial, backed funding.
Never worry about quick turnarounds again with funding that can be assessed in as little as 5 days with Glide.
Bridging loans are used mainly for businesses purposes by property investors and developers. Bridge loans can be used for:
Auctions – securing an
Quick cash injection
to fund a project
Short term capital
At Glide, we like to be different. We think everyone should achieve their property goals, so we like to open our services to the less ‘typical’ candidates. If you’ve previously been denied bridging finance, try Glide. We pride ourselves on offering fair funding for everyone.
If you’re a developer or investor in London looking for financial bridging, Glide can help you out.
Bridging loans are useful for a variety of reasons, some of which are listed above. Their main purpose is to ‘bridge’ the gap in your finances.
For example, if you were at an auction and wanted to secure a property, you have a 28-day period to complete the purchase. However, if you did not have this ready to go, a bridge loan can pay this off for you while you arrange the rest of your finances. This is especially useful with expensive London property. The difference between securing your ideal property or losing it, more often than not, is funding.
At Glide , we offer bridging finance to everyone, even ‘unconventional’ borrowers. If you’re looking to invest or develop in London, contact Glide for fair bridging solutions.
Other instances can include purchasing an un-mortgageable property. You will not be able to secure a mortgage on some properties, which can leave funds a bit scarce. Using bridging loans to bridge this gap can ensure you secure your property and have enough cash to fix it up and get it into a mortgageable state.
Alternatively, you may need short term funds on a basis of only a month. Bridging finance with Glide sees you with your funding for as little as you need. Need it for a month, you’ll only pay interest on that month – no minimum terms here.
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 London area.
At Glide, we pride ourselves on providing reasonable bridging solutions in the London 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 consider each
application based on
We do not have an
We’re fee free! No
hidden fees, no sneaky
Interest rates from 0.85%
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.