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Fast and Reliable Bridging Loans UK

Are you in need of an urgent short-term cash-flow injection?

Here at TIC Finance, we offer extremely fast and reliable bridging loans repayable within 3-12 months for individuals like you. We can arrange the funding you need within just 72 hours of your enquiry.

Fast & Reliable Bridging Loans UK

Are you in need of an urgent short-term cash-flow injection?

Here at TIC Finance, we offer extremely fast and reliable bridging loans repayable within 3-12 months for individuals like you. We can arrange the funding you need within just 72 hours of your enquiry.

Are You In Need Of A Fast Bridging Loan?

We understand that people can often be put into situations where they are in need of a quick injection of cash from a reliable lender. That is why we work with Financial Conduct Authority (FCA) approved lenders to get all of our clients the money they need, in as little as 72 hours.

These FCA-approved partnerships allow you to have complete peace of mind to ensure that the money is coming from a reputable and trustworthy source.

Apply For Bridging Finance Today

    Need a Bridging Loan Fast?

    TIC Finance offers short-term bridging loans between three and 12 months and can arrange funding within 72 hours of your application.

    We only work with FCA-approved lenders to ensure your money is in good hands and give you added peace of mind.

    Apply For Bridging Finance Today - Contact Form

      What Is A Bridging Loan?

      Bridging loans are a type of secured loan that helps you to bridge a short-term financial gap when you need it to help you with the purchase or sale of a property. They are a secured loan, which means that the loan is secured against an asset such as your current property.

      These types of loans are useful for individuals who may not qualify for a traditional mortgage due to poor credit or because of the property they are looking to purchase. Bridging loans allows these individuals to obtain a very quick short-term loan that will help them to do what they need with either a new or current property.

      What can you use a bridging loan for:

       

      fast bridging finance application

      What Is A Bridging Loan?

      Bridging loans are a type of secured loan that helps you to bridge a short-term financial gap when you need it to help you with the purchase or sale of a property. They are a secured loan, which means that the loan is secured against an asset such as your current property.

      These types of loans are useful for individuals who may not qualify for a traditional mortgage due to poor credit or because of the property they are looking to purchase. 

       

      What can you use a bridging loan for?

      What Is A Bridging Loan?

      Bridging loans are a type of secured loan that helps you to bridge a short-term financial gap when you need it to help you with the purchase or sale of a property. They are a secured loan, which means that the loan is secured against an asset such as your current property.

      These types of loans are useful for individuals who may not qualify for a traditional mortgage due to poor credit or because of the property they are looking to purchase. 

       

      fast bridging finance application

      What can you use a bridging loan for?

      How to Get a Bridging Loan With TIC Finance

      The application process for getting a bridging loan in the UK is relatively quick and simple. Here at TIC Finance, we make the process as simple and as clear as possible to ensure that you can get the loan that you need as quickly as possible.

      Step 1

      Get in contact with us at 020 3411 4451 or by completing our online enquiry form.

      Step 2

      One of our specialist advisors will call back and discuss how we can assist you.

      Step 3

      Our expert advisors will guide you through the process and enquire about additional information.

      Step 4

      Once we have all your information, we will negotiate an agreement on the terms of the contract.

      Step 5

      You must then instruct an SRA-regulated solicitor to represent your interest in this matter and witness the signing of documents.

      Step 6

      On receipt of the signed original documents, we will release funds within 24 hours.

      How Do I Repay A Bridging Loan?

      The repayment of a bridging loan is typically paid in one lump sum of the borrowed value with the addition of interest for each month that you had the loan. When negotiating an agreement we will decide, along with you, whether you would like to pay monthly interest payments or in one lump sum when you repay the loan.

      We typically offer 3-12 month bridging loans which means that you have until an agreed repayment date to pay back the bridging loan cost or you could lose the property the loan was secured against. However, we work hard to ensure that the repayment schedule of your bridging loan is aligned with your financial situation.

      How Do I Repay A Bridging Loan?

      The repayment of a bridging loan is typically paid in one lump sum of the borrowed value with the addition of interest for each month that you had the loan. When negotiating an agreement we will decide, along with you, whether you would like to pay monthly interest payments or in one lump sum when you repay the loan.

      We typically offer 3-12 month bridging loans which means that you have until an agreed repayment date to pay back the bridging loan cost or you could lose the property the loan was secured against. However, we work hard to ensure that the repayment schedule of your bridging loan is aligned with your financial situation.

      Why Choose TIC Finance For Your Regulated Bridging Loans?

      Here at TIC Finance, we understand the importance of acting quickly when it comes to property finance. That is why we pride ourselves on being able to get our clients safe and secure loans in as little as 48-72 hours.

      In addition to this, we only work with FCA-approved lenders, so you can rest assured that the money is coming from reputable and reliable sources. You can also be assured that the terms and conditions of your contracts are fair and aligned with your financial situation.

      Why Choose TIC Finance For Your Regulated Bridging Loans?

      Here at TIC Finance, we understand the importance of acting quickly when it comes to property finance. That is why we pride ourselves on being able to get our clients safe and secure loans in as little as 48-72 hours.

      In addition to this, we only work with FCA-approved lenders, so you can rest assured that the money is coming from reputable and reliable sources. You can also be assured that the terms and conditions of your contracts are fair and aligned with your financial situation.

      Why Choose TIC Finance

      Why Choose TIC Finance

      What Costs Can I Expect When Choosing A Bridging Loan?

      When choosing a bridging loan there are several other costs in addition to the loan amount that you must take into account. The fees that you should be aware of are arrangement fees, interest rates, valuation fees, legal fees, broker fees, and admin fees.

      Arrangement Fees

      Arrangement fees, also known as broker fees, are what a bridging loan lender will charge you to take out the loan. This is typically between 1.5%-3% of the overall loan amount.

      Valuation Fees

      Bridging loans are secured against the value of your property. Therefore, you must have your house valued before obtaining a bridging loan.

      Legal Fees

      You will typically be required to pay the solicitor fees for the lender to review the loan agreement and the legal work required to transfer the funds.

      Interest Rates

      Another cost that must be taken into account is interest. For bridging loans you can expect interest rates from around 0.5% to 2% a month. The type of property that you are using the loan for can result in higher interest rates.

      What Costs Can I Expect When Choosing A Bridging Loan?

      When choosing a bridging loan there are several other costs in addition to the loan amount that you must take into account. The fees that you should be aware of are arrangement fees, interest rates, valuation fees, legal fees, broker fees, and admin fees.

      Arrangement Fees

      Arrangement fees, also known as broker fees, are what a bridging loan lender will charge you to take out the loan. This is typically between 1.5%-3% of the overall loan amount.

      Valuation Fees

      Bridging loans are secured against the value of your property. Therefore, you must have your house valued before obtaining a bridging loan.

      Legal Fees

      You will typically be required to pay the solicitor fees for the lender to review the loan agreement and the legal work required to transfer the funds.

      Interest Rates

      Another cost that must be taken into account is interest. For bridging loans you can expect interest rates from around 0.5% to 2% a month. The type of property that you are using the loan for can result in higher interest rates.

      Bridging Loan FAQs

      Bridging loans for house purchase are common when you’re looking to buy a new property but your deposit is still tied up in your current property for the short term. In the event you have agreed to purchase a new property before finding a buyer for your own or if part of your property chain has collapsed and you are in need of urgent funding.

      Fast bridging loans are helpful in various circumstances, including quickly securing property while still waiting to sell an existing one, building homes or other property, temporary cash flow cover, buying property at a discount, auction property sales, property refurbishments, renovations and developments, un-mortgaged properties, and quick access to funds for business people. At TIC Finance we don’t mind what you need the money for, our helpful staff will help you secure a fast bridging loan.

      Bridge loan financing can be used for refurbishment or property development finance, particularly if you’re eager to fix your property but don’t currently have access to the necessary cash.

      Bridging loans for house purchase are also used at auction for those without liquid assets. Obtaining bridging finance can allow you to pay the initial deposit (which is a certain percentage of the property value) as soon as the hammer comes down, and then complete the payments in the exact time stated on the auction contract.

      Investors looking to purchase properties that cannot have a standard or rather normal mortgage secured on them until corrective work is completed can immensely benefit from bridging loans. This may include property without a kitchen, bathroom, old floors, walls etc. or property that needs doing up for some other reason.

      Renovating properties increases their market value which as a result enables the investors to sell them for a profit. That way, they are able to repay the bridging loans as scheduled and also increase their chances of securing long-term finances.

      Open bridging loans are those without a fixed end date. While this can be beneficial if your financial situation is not tied to a set date, these loans often come with much higher interest rates.

      Closed bridging loans involve a set completion date which is agreed when the application is submitted. The closed loan is most suitable for those who have a clearer idea of when the gap that they are intending to bridge with the loan will be filled. For example, when the borrower has already signed a contract to sell a property and the completion date has been set or is fixed. Upon the sale of the property, the money can be used to repay the loan.

      Using a bridge loan can be a great way of sourcing money fast and works best in instances where the gap in your finances has a clear end date. As long as you and your lender have an agreed exit strategy, bridging loan finance can provide you with the funding you need for an additional property, a difficult period while moving in between properties, or much-needed development money.

      On the other hand, bridge loans often have high-interest rates. Bridging loan interest rates are much higher compared to other loans due to increased risk and the shorter terms offered. Therefore, it’s a good idea to only use them in circumstances where short-term finance is required (usually 12 months or less). TIC Finance can help you make an informed decision during the process of applying for a bridging loan UK.

      When discussing with the lender, you will be able to agree the terms of your loan, including your repayment strategy. If you are using the bridge loan while you wait for your previous property to sell, you may be able to agree to a complete payment of the loan once the sale is complete.

      However, for other bridging loan needs, your repayment process will need to be agreed with your lender during your application process.

      Because all loans with TIC Finance are secured against a property, there is no need to check your credit history and we have no credit rating requirement. If you need a short-term loan but your credit rating means you have been rejected by other lenders, get in touch with TIC Finance to find out how we can help you.

      With a short chain of command, TIC Finance is able to process loan applications swiftly and you could receive the funds within 72 hours of your urgent bridging loan application. We only work with FCA-approved lenders, and every application is witnessed by an SRA-regulated solicitor to ensure you receive your money safely and quickly.

      The repayment fees and repayment terms of bridging loans are determined on a case-by-case basis and will depend on the amount borrowed, the security offered, and other factors. The rate of interest varies from lender to lender but is usually higher than other types of loans due to the increased risk associated with them. Speak to one of our expert loan advisors today for more information about bridge loan rates.

      Other than providing bridging finance solutions in the UK, we provide an array of financial services, such as stopping repossession and clearing mortgage arrears, selling your home quickly, joint business funding, and financing for property developers and investment property. Speak to us for our specialist advice that is tailored to your financial and personal circumstances.

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      Need Advice?
      Get in Touch Today