Getting bridging finance

Get the inside scoop on bridging finance and secure your next property investment.
Discover the possibilities with our comprehensive guide on bridging finance!
bridging mortgage

What is bridging mortgage or finance?

Bridging finance or mortgage is a short-term loan that helps you bridge the gap between purchasing and selling a property. You may need bridging financing if you’re trying to buy a new home but haven’t yet sold your old one or if the funds from the sale won’t be available until the new purchase is completed. Loans are typically repaid when the original property is sold, and you are able to secure a mortgage on the new property.

There are two types of bridging finance:

Closed bridging: Loans having a confirmed “exit strategy” (i.e., a workable plan) for repayment are known as closed bridging loans. For this to work, the borrower needs to have found a buyer for their current property and have signed a contract with him or her.

Open bridging: Loans that do not have any “exit strategy” the borrower needs money to buy a new house but doesn’t yet have a buyer lined up for their old one. No one can say for sure that a property will be sold within a fair amount of time, which puts both the lender and the borrower at a high level of risk. Interest rates for open bridging are higher than for closed bridging because of the additional risk.

How much can I borrow with a bridging mortgage?

When you are looking to buy a property, it is important that you have the right amount of money for the purchase. It is also important to know what type of mortgage you can get in order to ensure that you can borrow as much as possible.

A bridging mortgage is one that lasts for a shorter period than a standard mortgage and allows borrowers to borrow more money than they would with a standard loan. With bridging mortgages, borrowers can often borrow more than they would be able to do with an ordinary loan – up to 100% of the purchase price.

What are the advantages of bridging loans?

Bridging loans are a type of loan that is typically used to finance the gap between the sale of an asset and the receipt of funds from the sale.

There are many advantages to using bridging loans, such as-

  • The ability to take advantage of low rates.
  • The ability to avoid prepayment penalties.
  • The ability for borrowers to have access to cash without going through a lengthy process with their lender

How much can you borrow with a bridging loan?

A bridging loan can be expensive, but it can also be cheaper than refinancing your home. The costs vary depending on how much you borrow and what type of loan you get.

The cost of a bridging loan depends on the amount borrowed, the interest rate, and the length of time for which you borrow it for.

What are the alternatives to a bridging loan?

With a bridging mortgage, you can use the money you borrow on the purchase of your home and repay it over a shorter period of time than with other types of loans.

There are several alternatives to bridging mortgages that people can use instead. These include equity release, home loans, buy to let remortgaging and self-funding.

Personalised bridging finance/mortgage

Count Ready offers tailored advice on bridging loans. We understand your financial situation and can quickly match the best possible loan to it.

Quality of service: Count Ready has a team of mortgage professionals who offer personalised service to customers. We also have brokers on hand who are ready to walk you through the process of getting your loan and provide you with all the information needed to make an informed decision.

An easy way out: At Count Ready, we strive to make things as easy as possible for our clients. That’s why our process is so easy and assisted by a team of experienced brokers who will help guide you through the process.

Need a personalised bridging finance?​

We’re bridging finance brokers and offer the best bridge loan, so you can get the house of your dreams without breaking the bank.

At Count Ready, we bridge the gap

Count Ready bridges the gap between your new home mortgage and your current mortgage, giving you access to better interest rates and a lower monthly payment.

Get more out of your home loan

Our company’s mission is to make sure that people get the most out of their home loans by bridging them with our hands-on service. Our services are provided by licensed brokers, which means that they can provide you with the information you need in order to make a decision on making an investment in your future.

Best bridge loans

We offer one of the most competitive bridge loans in the market today. With our special finance package, you’ll be able to enjoy a low monthly payment while still getting access to high-interest rates. With this package, you’ll also be provided with other services for free!

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