Bridging Loans are no different to long term mortgages in that they are secured by a first charge or a second charge on the property. Bridging Loans are secured and have the same steps of valuation and preparation of a legal charge deed have to be taken. Bridging loans are normally for 6-12 months’ duration.

Bridging Facility is intended to be quicker than regular mortgage finance. Most bridging lenders typically employ a small panel of valuers who respond much quicker than is normal and in most cases the lender will insist on either a 90 or 180-day open market sale valuation and for this reason the value of the property to a bridging lender may be less than you expect for this reason.