Where time-critical property deals are concerned, mortgage bridging loans are a clever, short-term funding option. At Silver Oak Capital, we facilitate fast and effective unlocking of property opportunities for clients with bridging finance custom-suited to their requirements.
1. What Are Mortgage Bridging Loans?
Bridging loans for mortgage are short-term loans used to cover the financial shortfall between the sale of a current property and the purchase of a new one. They offer instant liquidity and are often utilized for commercial or residential property purchases.
2. Main Advantage of Bridging Loans
Quick Access to Funds
Bridging loans are issued and released very fast compared to conventional mortgages. Silver Oak Capital has an extensive network of lenders that enable them to deliver quick funding in situations where time matters most.
Flexible Terms
Flexible terms for repayment are attached to these loans, usually with interest capitalized and repaid at the end of the loan term, allowing the cash flow to be unencumbered throughout the loan tenure.
No Chain Delays
With bridging finance, you can purchase a property without being held back by a chain of interdependent transactions — a big plus in competitive property markets.
Auction Purchases
Mortgage bridging loans are perfect for buyers of auction properties who need to make speedy purchases, usually within 28 days.
Refurbishment Projects
They can also finance refurbishment or renovation, enabling investors to maximize property value prior to refinancing or selling.
3. When Should You Use a Bridging Loan?
- Purchasing a property prior to selling your existing one
- Purchasing an auction property
- Covering a short-term cash shortfall
- Renovation or conversion property schemes
- Slow mortgage approval
4. Why Silver Oak Capital?
Access to a broad panel of UK lenders
Best available rates and tailored finance packages
Clear advice with no additional fees
End-to-end application and drawdown support
Mortgage bridging loans are a great weapon when used properly. Silver Oak Capital makes sure you receive the best possible arrangement for your objectives — rapidly, at a reasonable cost, and with assurance.
