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Bridging Loans & Finance

Fast non-status bridging loans from Charterbank are available to help with your short-term bridging finance needs.

Whether you are looking for finance to secure a property purchase or raise a loan secured on an existing property, Charterbank can provide fast, non-status loans in the shortest of timescales tailored to suit almost any situation, particularly if you’re hampered by adverse credit.

• Products from 3–12 months • Immediate decisions • Up to 65% (net) LTV • Ltd Companies accepted • Self cert non status loans • No monthly interest payments • No upfront fees • No exit fees • No penalties • No red tape

Need Finance? Get a quick quote

How do bridging loans work?

A bridging loan works by allowing you to raise a fast, short-term loan secured against a property. This is similar to a mortgage, but the term of a property bridging loan is shorter than a mortgage. A typical loan is usually for a period of between 3 to 12 months.

The property to be used as security for the loan may be a property that you already own, or a property that you are buying or need to buy very quickly.

Helping clients navigate through

Capital when you need it most

Common scenarios

Common short term bridge loan scenarios are raising a fast loan for business cash flow purposes, using bridging finance to repay another loan or to repay existing bridge finance, raising bridging finance to buy a property in bad or un-mortgageable condition or to purchase a property with structural problems.

Bridging loans are used to allow property developers to compete with cash buyers or to buy property at auction, this is because bridging finance is provided in very short timescales and is suitable for properties in any condition.

How can bridging finance be used?

Bridging finance can be used to allow you to purchase a new property in situations where a traditional mortgage cannot be obtained or would take too long. It can also be used to allow you to borrow money quickly if you have a suitable property to use as security for the loan.

Whether you are looking for bridging finance to buy a property in poor condition, purchase or raise a loan secured on an existing property, Charterbank can provide a fast bridging loan in the shortest of timescales tailored to suit almost any situation.

Is a bridging finance for you?

A bridging loan or finance from Charterbank can be obtained even if you have bad credit, adverse credit, CCJ’s or if you have been discharged from bankruptcy. The decision-making process for Charterbank providing a bridging loan is based on the property that you are buying or using as security and not the credit status or credit score of the borrower.

 

Find out more information on common loan scenarios.

 

You can contact us for an informal discussion about your finance requirements. Or click here to apply for a bridging loan.

Popular Bridging Finance FAQs

How quickly can I get a bridging loan?

A bridging loan can be completed in as little as 7 days. Instructing a good quality legal representation is key to achieving a fast completion. It is important to disclose all relevant information regarding the bridging loan at the outset. The process for obtaining bridging finance is similar to that of a mortgage, however, the timeframe to complete a bridging loan is usually much quicker owing to the speed at which bridging lenders can operate.

Is it easy to get bridging finance?

The bridging finance process with Charterbank is quick and simple. Only a single application form is required in order to progress a case.

How do I get a bridging loan?

A bridging loan is a short-term loan secured against a property. If the bridging loan is for business purposes, where a first legal charge is to be granted, the property used as security will need to be an investment property or business premises and not your home.

Can I get bridging finance even if I have a bad credit rating?

Yes, bridging finance can be provided even if the applicant has a low or bad credit rating. Bridging finance is a short-term property-backed loan therefore the loan can typically be provided on a non-status basis. This means that you can usually obtain bridging finance even if your credit rating is poor or you have previously been made bankrupt.

What are the monthly payments for a bridging loan?

Many bridging loan providers offer ‘interest deducted’ or ‘rolled up’ interest options; this is where the interest for the loan term is either deducted from the bridging loan at the outset or where monthly interest payments are added to the loan balance each month for the term.

Our Track Record

2011

Founded

80 Years

Combined Experience

1 day

Timescale to make a credit decision

£500k

Loan size (up to)