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Frequently Asked Questions

What is a bridging loan?

A bridging loan is a short-term loan designed to provide immediate funding until permanent financing can be arranged or an existing obligation is removed. It is commonly used in property transactions to bridge the gap between the purchase of a new property and the sale of an existing one.

A bridging loan provides quick access to funds, which can be used for various purposes such as purchasing property, covering short-term expenses, or financing a project. The loan is typically secured against property or other valuable assets.
Individuals, businesses, and investors can apply for a bridging loan. This includes property developers, landlords, and those looking to purchase property quickly.
There are a range of purposes for bridging loans, including but not limited to:
  • Property purchases
  • Property development or refurbishment
  • Auction purchases
  • Bridging a short-term cash flow gap
  • Paying off existing debt
  • Any other legitimate purpose requiring short-term finance
  • Ownership of a property or other valuable asset to use as security
  • A clear exit strategy for repaying the loan
The amount you can borrow depends on the value of the security property or asset, your financial situation, and the specifics of your loan application. We typically offer loans from £100,000 to £2,000,000.
Bridging loans are short-term loans, typically ranging from 1 month to 12 months. In some cases, we may offer loans with terms up to 18 months.
Interest rates for bridging loans are generally higher than traditional loans due to the short-term nature and risk involved. Rates vary based on individual circumstances. Contact us for a detailed quote.
A first legal charge is a principal loan on a property. In the case of first legal charges, the lender takes precedence above all others; being the principal lender of the loan. As an unregulated lender, Titan Finance can provide first charge loans on properties where you and/or any family member do not live or intend to live.
Bridging loans are designed to be quick and flexible. Each case is different with varying levels of complexity which has an impact on the time it takes to complete. If time is of the essence, we will do everything in our power to help the process along to meet your timescale. The best way to find out how long it will take is to make an enquiry and speak directly to us. We work hard to ensure that you have a definitive answer within a couple of days.
  • Completed application form and/or email to us
  • Details of the security property or asset
  • Evidence of income and financial stability
  • Completed ID verification check
  • Clear exit strategy for loan repayment
You can apply for a bridging loan by contacting us directly via phone, email, or through our website. Our team will guide you through the application process and help you gather the necessary documentation.

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An exit strategy is a plan for how you will repay the bridging loan at the end of the term. Common exit strategies include selling a property, refinancing with a long-term loan, or using other funds. A clear and viable exit strategy is crucial for loan approval.
If you cannot repay the loan on time, it’s important to contact us immediately to discuss your options. Failure to repay may result in additional fees, higher interest rates, or defaulting the loan. This would lead to legal action, including the potential sale of the security property or asset.
Yes, you can repay your bridging loan early. Some loans may have a minimum term, and early repayment fees might apply. It’s important to review the terms of your loan agreement.
No. You can apply for a bridging loan directly with Titan Finance via phone, email, or through our website.
Costs involved in a bridging loan arise from the application, valuation, and legal processes. An arrangement fee is also payable upon loan completion. All expenses will be clearly outlined and tailored to your loan requirements before the loan is undertaken so you will be well aware of any costs payable.
No, we do not lend on family homes. All loans are subject to declarations from borrowers confirming that they do not live and do not intend to live in the property funded by the bridging loan. This ensures compliance with our lending criteria.
This will be possible on the basis that the existing bridging loan facility is not in default and there is sufficient equity available to secure the additional borrowing.

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