A bridging (or bridge) loan is a short-term loan available to property developers and investors looking to purchase a property where a traditional mortgage may not be suitable. A bridge loan is designed to bridge the gap in finances and support with quick turnarounds and payments to secure your next development property. From there, you can secure a traditional mortgage, then arrange alternative finances to pay back your bridge loan.
Developing property in any city can be expensive, especially with the rising costs of housing. If you see potential in development, so do we. Never miss out on funding for your next project in Surrey with a Glide bridging loan.
If you are considering your next property development project in the Surrey area, having a bridge loan secured with Glide could help you to bid confidently at auction, meet tight financial deadlines and ensure you are organised for quick turnarounds. It will also enable you to meet any imminent financial obligations, to help you to secure your next development project.
Apply for a bridge loan now in less than five minutes.
Bridging loans are ideal for purchasing a business or commercial property in the Surrey area.
Having your bridge loan secured can help with financial deadlines, funding and confident decision-making, to ensure you can achieve your property goals.
Applying for bridging finance with Glide can see you funded in as little as 5 days. We are 100% privately funded and can make decisions other lenders cannot So, rest assured, if you’re applying for a bridge loan in Surrey, a Glide loan could be perfect for you.
Apply online now in less than five minutes.
Bridging loans are used primarily for business purposes by property developers and investors to help fund projects where a traditional mortgage may not be available. Bridge loans can be used for a variety of reasons, including:
Auctions – securing an
Quick cash injection
to fund a project
Quick investment opportunities
Short term capital
A Glide loan is designed to help the next generation of property professionals secure funding and achieve their property goals. Unlike other companies, we do not limit our loans to an ‘ideal’ borrower. Rather, we make our decisions based on your unique circumstances, the LTV of the property and your exit strategy.
Bridge loans are used predominantly for business purposes by property investors and developers, where traditional property funding, such as a mortgage, may be unsuitable.
For example, when purchasing auction property, you have a 28-day period to complete the purchase and deposit the necessary funds.
If you did not have the funding ready to go, a bridge loan can pay this part of the finances while you arrange alternative funding. This allows you to act on your impulses, make quick decisions and secure the property, while also providing you with enough time to organise the rest of your deadlines and funding.
This is especially useful for funding property in Surrey. With property prices climbing, having reliable, secured funding could be the difference between a potential property purchase and a secured property purchase.
Other reasons for using a bridge loan could be purchasing an un-mortgageable property. Properties that do not have a functional kitchen or bathroom are considered un-mortgageable and, as such, will not be eligible for a traditional mortgage. Bridging loans allow developers and investors the opportunity to secure their ideal property, fund the necessary developments to get the property into a mortgageable state, then acquire a traditional mortgage.
From there, you can use your mortgage to pay back your bridge loan. Simple. Other funding options may result in unreasonable charges and hidden fees, as well as 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 can be obtained in as little as 5 days.
We do not have an ‘ideal’ borrower and we work with you to find a solution that works for both you and us. A Glide loan is the easiest way to secure your property goals in the Surrey area. Never miss out on an opportunity again with fee-free bridging loans with Glide.
We provide reasonable lending solutions to property professionals in the Surrey area.
• 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 process can be completed online via a helpful portal
• Applying takes less than five minutes and can all be done online
• You can have the funds released within 5 days
• Glide lends to everyone – including ‘unconventional’ borrowers
• You will always be put into contact with a decision maker as soon as you get in contact with us
Our bridging loans can be
taken out for a period of
up to 12 months
We offer funding of
£50,000 - £20million
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 simple and can be completed in less than five minutes. Once you’ve applied, we can send you a decision, in principle the same day.
To apply, you can go online and complete the process in five minutes or less.
The application process is entirely online and can be managed in your online portal.
Glide does not request your credit history or employment history to make a decision. We make our decision based on the individual and we pride ourselves on offering reasonable lending solutions to ‘unconventional’ borrowers.
We are 100% privately funded and have no dedicated criteria for an ‘ideal’ lender, which means we can make faster, more flexible decisions.
Should you be accepted, we secure the loan against your property or another property with an acceptable LTV.