Bridging Finance

Revilo want to make applying for a bridging loan as simple as walking into a high street bank.

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Your Go-To Source For Bridging Loans

Bridging Finance – or a bridging loan – is a short-term arrangement secured against property or land and as its name suggests, is used to bridge a finance gap, until a longer-term solution can be arranged, or the asset is sold. They typically last for between one month and one year.

It comes in two forms – regulated and non-regulated and the simple distinction is that regulated bridging finance is used by homeowners in need of money quickly to buy a new property that they will live in, for example when their current home isn’t sold. Non-regulated works are very much the same why but are designed for business or commercial

Bridging Scenarios

There are a whole host of situations where bridging finance could help your clients and is available to homeowners, sole traders, partnerships and limited companies. Bridging can be used to support business cash flow for almost any purpose.

Auction bridging: When buying a property at auction, having the funds available quickly is essential.
Chain break bridging: If your client is looking to buy a new property but haven’t sold their current home due to delays in the chain. Bridging finance could enable the purchase with the loan being repaid when the previous home is sold.
Renovation bridging: When renovating a new home, your client may still be living in their existing one until the works are complete – but without the money to pay for them. Bridging could fund the renovation, with the loan repaid once your client has moved in and sold their old home.
Landlords and buy to let investors For your property investment clients, bridging could facilitate the purchase of a new buy to let, quickly and efficiently.
Downsizing: For clients that are asset rich but cash poor. Retirement ready property such as bungalows are in short supply and so bridging can be used to purchase a retirement home while your client’s old property sells.
Below Market Value Purchase If your client is looking to buy an uninhabitable property, they are unlikely to secure a traditional mortgage. Bridging could provide the money to make it habitable and repaid when a mainstream mortgage is available.
Capital raising: Bridging can be used to support business cash flow for almost any purpose.

Experience At Hand

Revilo’s bridging finance offers a solution for families looking to purchase a new home before selling your current property, helping to cover the temporary financial gap. These short-term loans can also be utilised in various urgent situations, providing access to substantial sums of money quickly.

Revilo can facilitate your loan for acquiring commercial or residential properties at auctions, where full payment is required within a brief timeframe.

Key features of bridging loan availability: