At Rosa Mortgages, we understand that sometimes speed and flexibility are key when it comes to securing property finance. Bridging loans are a short-term finance solution designed to help you “bridge the gap” between buying a new property and selling an existing one — or to quickly secure funding for property purchases that fall outside the scope of traditional mortgages.
Whether you’re buying at auction, funding a refurbishment project, or facing delays in a property chain, bridging loans can offer a fast and effective solution. Our expert team in Southport is here to advise, guide, and support you through the process from start to finish.
Bridging loans are different from standard residential or buy-to-let mortgages. They are designed to be short-term, usually lasting from a few months up to 12 months (or longer in some cases), and are typically repaid in full once a longer-term financial solution (like a mortgage or sale) is in place.
There are two main types of bridging loans:
Open Bridging Loan: No fixed repayment date, ideal if you haven’t yet secured the sale of your existing property.
Closed Bridging Loan: Has a fixed repayment date, suitable if you already have a clear exit strategy in place.
Interest on bridging loans is usually charged monthly, and repayment is often structured as a lump sum at the end of the term.
Some lenders allow interest to be “rolled up,” meaning no monthly payments — it’s all settled at the end.
