Leading Bridging Finance Brokers
Experts in high-value, sensitive, and complex bridging finance transactions. Based in London but with offices all over the world, Westin Financial Management will get you bridging loan finance at the best price, with the best terms. All in the timeframe you need.
What Is a Bridging Loan?
Bridging finance is a type of short-term mortgage secured against your property. Investment property, buy-to-let property, a trophy home or holiday home can be used as security for this type of loan.
Bridging loans can last from a week to three years. They are most commonly used in the UK if you want to buy a new home before your current home as sold, and to break property chains. However, they can also be a mechanism to release equity from your home quickly before refinancing with another lender, or to purchase property at auction where there is usually a very tight deadline to settle funds.
Bridging loans can also be used to buy a new home before your current property sells, renovate a property before you put it up for sale or upsize or downsize without going through a lengthy mortgage process. There’s practically no limit to how this type of financing can be used.
Auction Finance
Involving Westin bridging finance specialists well before the auction will make this kind of property purchase as easy and straightforward as possible. Armed with this information, you’ll be well-positioned to make the right bid, based on what you know you can borrow and what you can afford.
Large Bridging Loans
Just because you need a large loan, that doesn’t mean you’ll have to endure a lengthier transaction: Westin will be able to secure offers for large bridging loans as quickly as possible and always within the timeframe you need.
Short Term Loans
Bridging finance can be an excellent vehicle for very short-term finance. Short-term bridging loans can be complex to arrange, so this type of finance tends to be an option when you need to borrow significant capital, even if it’s for a very short period. Read more about our short-term loans here.
International Bridging Loans
From negotiating a deal for you to helping you plan for elements like foreign exchange risk and where to seek legal advice, the international bridging finance specialists at Westin Financial Management will be with you every step of the way to ensure your transaction is swift, easy, and hassle-free.
Residential Bridging Loans
Bridging loans can be used in lots of different scenarios related to the sale and purchase of the residential property. Residential bridging loans are exceptionally flexible and there are very few limits on how you can use this type of loan, provided a few basics are in order.
How Can We Help?
It’s hard to access competitive finance packages, especially if you want to borrow a significant amount of money. Whether you want to buy property, grow your business, invest in new opportunities or use your assets to create liquidity, Westin Financial Management can source and negotiate the very best high-value finance for you.
- Get a fast bridging loan offer within 24 hours
- Use any type of property as security
- Enjoy competitive interest rates from 0.75% to 1.1% per month
- No minimum term
- Use bridging finance for UK or international property
- Access regulated and unregulated bridging loan finance lenders
- Cheap bridge loan financing available
Bridging loans are a mainstream and cost-effective financing method. Bridging finance is fast to arrange and these loans are always individually negotiated. As a result, Westin will be able to broker a loan, that’s tailored to you and your situation, with bridging loan providers.
Sometimes marketed as the ultimate problem solver and opportunity creator, bridging finance is often used in situations where you’re against the clock or temporarily short of capital. It can also be employed when traditional lenders can’t (or won’t) lend for a variety of reasons.
Some borrowers can be hesitant about bridging finance – it can be seen as something of a risky product. This usually stems from uncertainty about how or when to use it. The general rule of thumb: bridging is a finance vehicle that should only be used when there is a specific reason for doing so, and it makes sense to use this type of loan. There are many cases where it can be a perfect-fit solution – particularly for high-net-worth individuals who have significant net worth.
It can also be seen somewhat negatively due to it being more expensive than a finance product like a mortgage, and because there is a risk involved in needing to repay your loan by a certain date. The reality is that bridging finance is not inherently ‘riskier’ than any other type of finance. It simply needs to be used in the right circumstances. The most important elements of bridging loan finance are a good exit strategy and a clear plan on how you will manage the loan.
Bridging finance is a convenient and practical way to borrow money quickly. In many cases, it will allow you to make purchases or pursue plans that would otherwise be out of reach. The comparative cost of bridging loan finance is very often balanced by what you would lose out on if you don’t have the capital available to follow an opportunity, if you can’t purchase a property, break a property chain, release equity and so on.
Just like with any kind of loan, it is important to get specialist advice to ensure it is the best option for you. Likewise, it is important you find a deal tailored to your circumstances, especially if you are planning to borrow large bridging loans of £1 million or more. Much of the potential risk involved in bridging finance can be removed by ensuring you have a solid plan in place for how you’ll use and repay the loan.
Westin will talk you through all your options and will only suggest bridging finance if it is a feasible and workable avenue for you. The bridging finance specialists will ensure you understand everything about how this type of finance works and any risks, as well as helping you understand the benefits of this type of finance, so you can make an informed decision if this finance is for you.
Working exclusively on your side, Westin will get you the best deal, terms and remove stress from what can otherwise be complex transactions with bridge loan lenders. Available to you 24/7 to answer questions, provide assistance and support throughout your transaction, Westin will save you time, money and unnecessary hassle.
Open And Closed Bridging Finance
Open and closed bridging finance refers to when and how you will pay back your bridging loan.
If you have a clear plan on how you will pay back your bridging loan (i.e., you know you will have capital by certain date, and you’ll use it to pay back the lender) this is a closed bridging loan. Typically, you’ll have a closed bridging loan if you need funds to tide you over until you receive capital that will come to you at a future date – a bonus, the sale of assets or inheritance being paid out, for example.
An open bridging loan is used if you are less sure of when you will receive the funds to pay back what you’ve borrowed. Typically, this will be when you are waiting on the completion of a property sale to be able to pay back your lender, or a similar scenario.
Regardless of whether you will opt for an open or closed deal, it’s critical to have a solid plan in place for the exit of your loan. First and foremost, lenders will want to know exactly how you plan to pay back the loan, but it will also be important for your own peace of mind and feeling secure with your options and choices.
Westin Financial Management will help you understand the risks and advantages of open and closed bridging loans. Your bridging finance broker will help you pull together a game plan for your exit and present it to the lender in the most compelling way.
Bridging Finance Guide Bridging Finance Guide
Bridging finance comes in many shapes and forms. You can take advantage of bridging finance if:
- You have complex or low income
- A significant portion of your wealth is tied up in assets like property
- You know banks and mainstream lenders won’t want to lend for the project you want to explore
- You have an ambitious project and aggressive plans
- The opportunity you wish to pursue requires significant borrowing
The relatively short-term nature of bridging finance can be challenging, requiring experience, contacts, and negotiating skills to secure the best possible terms with as much flexibility as possible. Extremely competitive interest rates staged funding releases to save on interest and utilizing assets and income as security are vital elements of bridging finance deals.
We excel in these areas as well as pre-arranging cheaper traditional refinancing of bridging loans at the end of the term.
Let's Find a Time to Talk
It’s hard to access competitive finance packages, especially if you want to borrow a significant amount of money. Whether you want to buy property, grow your business, invest in new opportunities or use your assets to create liquidity, Westin can source and negotiate the very best high-value finance for you.