Bridging loans are short-term property-backed finance options. They are typically used for property purchases (such as at auctions) and renovations, acting as a form of Property Development Finance. Additionally, they can be utilised for other short-term commercial purposes with a clear exit strategy in place.

These loans are beneficial for quick access to funds, especially when there's a gap between the purchase of a new property and the sale of an existing one. Terms usually range from 1 to 18 months, offering flexibility and quicker arrangements than traditional loans, which is ideal for fast-moving real estate markets.

Bridging loans offer a quick and versatile solution for property transactions, enabling investors to seize opportunities and complete projects efficiently. With proper planning, they provide the ideal funding to bridge the gap between buying a new property and selling an existing one.