Rapid Bridging Loans With No Upfront Fees and No Monthly Repayments
Move into your new home sooner with a competitively priced bridging loan that lets you buy before you sell even if you have no income
No broker fees
No income needed
No affordability checks
Borrow up to £50m
When it comes to moving house, there’s nothing worse than finding your dream home and then not being able to sell your current property quickly enough.
The longer the whole process drags on, the more stressful it becomes. And, worse still, if the vendors run out of patience then you face the very real risk of missing out on getting that perfect new home that you’ve set your heart on.
This can be especially frustrating when you’re downsizing. After all, on paper you’ve got more than enough money to buy your new smaller home and still have plenty left over – it’s just that right now all of that money is tied up in your current property.
If you’re in that position, you may have wondered about taking out a mortgage to allow you to buy your new home before you sell your current one. But that can be easier said than done – especially if you are retired, over 50, or can’t easily prove your income.
Fortunately, there is a solution.
A bridging loan can be used to buy your new home before you’ve sold your current one.
Better still, you won’t have to make any monthly repayments. You can simply wait and pay back the loan plus the interest once you’ve sold your current house.
It doesn’t matter if you have big outgoings like school fees because there’s no affordability assessment needed.
You don’t even need to have a minimum level of income, because the loan is secured on the property. This is ideal if you are a pensioner or self-employed with no accounts.
And best of all, if you arrange your bridging loan through us here at GWD Finance, you won’t have to pay any broker fees and you’ll get access to competitive rates thanks to the exclusive deals we’ve negotiated with some of the UK’s top bridging loan lenders.
To find out more and get a free no-obligation quote just fill in our one-minute enquiry form or call us on 020 7971 1416.
Find your ideal bridging loan
Fill in your details below and one of our bridging loan experts will contact you to discuss your options and help you choose the best deal
Why choose us?
Because we specialise in arranging bridging loans for people who want to move house quickly and because we place large volumes of business with some of the top bridging lenders, we can offer you all sorts of benefits you won’t find elsewhere.
Move House Sooner
If you’re trying to ensure your purchase doesn’t fall through or your chain doesn’t collapse, speed is everything.
Our personal relationships with some of the biggest underwriters at some of the top bridging lenders mean we’re more likely to get your application approved and we can get everything done faster.
We’re available at evenings and weekends and will always move quickly to get your funding in place as rapidly as possible - often in as little as a week.
All of this means we’re the perfect choice if you want to get on with your new life without waiting til you’ve sold your current home.
Save Money
Because we place large volumes of business with the lenders we’ve partnered with, they offer lower fees to our clients. And the fees they do charge can be added to your loan so you don’t have to find the money to pay them upfront.
But that’s not the only way we save you money. The loans we arrange often come with free valuations and they don’t have any sneaky exit penalties.
We’re also one of the few bridging loan brokerages that doesn’t charge any broker fees - saving you even more money.
No Monthly Payments
When you take out a bridging loan through us, you’ll need to pay interest (even we can’t get you an interest-free loan!) and this is added to the loan amount each month.
But the great thing is that you don’t have to make any monthly repayments. You can just wait til you’ve sold your current property and then pay everything off in one go at the end.
This means it doesn’t matter if, for example, you’re a pensioner with no spare monthly income. And it means you won’t have to run the risk of losing money by cashing in shares or other investments to cover monthly loan repayments.
Borrow More
Some companies will restrict how much you can borrow. But the lenders we work with will lend you 100% of the purchase price of your new property.
Plus they’ll let you borrow extra to cover the stamp duty too.
And with loans of up to £50m available, we can help with even the largest property purchases.
No Credit Scoring
Because the bridging loans we provide are secured on the property you’re buying it means we don’t need to carry out any affordability or credit checks on you.
That’s another thing that speeds everything up.
It also means that if you’ve missed some payments in the past, or if you have large outgoings like school fees to pay, then it won’t affect your chances of getting approved for a bridging loan.
How it works
1. Get in touch
Give us a call, or complete our one-minute enquiry form and we’ll call you back.
2. We'll find you a loan - fast
After we’ve had a quick chat, we’ll start searching through all the different deals available to find the one that’s just right for you.
3. We’ll take away all the stress
We’ll do all the hard work to collate the paperwork, submit your loan application and make sure it gets processed and approved quickly.
4. … until your bridging loan is approved!
We’ll maximise your chances of getting the finance you need and guide you every step of the way.
Bridging Loan FAQ
One of the great advantages of bridging loans is their speed. Unlike traditional mortgages, which can take weeks or months to process, bridging loans can often be arranged within a few days. This makes them an excellent option for time-sensitive purchases or investments and means you don’t have to lose the chance to buy your dream home just because you haven’t yet got a buyer for your current property.
The amount you can borrow with a bridging loan typically depends on the value of the property or properties being used as security, as well as your financial circumstances. Loan amounts can vary widely, often ranging from tens of thousands to several million pounds. Our experts will work with you to determine the optimal loan amount that aligns with your goals and repayment capacity.
Bridging loans are often perceived as being expensive due to the fact they have higher interest rates compared to traditional, long-term loans. However, these higher rates are usually offset to some extent by the fact that you won’t hold the loan for very long.
Here at GWD, our job is to provide you with a transparent breakdown of costs, ensuring you understand the value a bridging loan can offer in your unique situation, such as enabling you to secure your dream property quickly. We’re here to find the most cost-effective solution for your circumstances.
Bridging loans offer incredible versatility, making them suitable for a variety of scenarios. Common uses include purchasing a new property before selling your current home, buying a property at auction, property development projects, and resolving short-term cash flow issues. Whatever your particular needs are, we’re here to help you work out how a bridging loan can work for you.
Yes, one of the benefits of bridging loans is their flexibility, including the ability to repay early. Many bridging loans come without early repayment charges, meaning you could save on interest costs if you’re able to settle the loan sooner than anticipated. Our advisers will help you understand the terms of your specific loan, ensuring it aligns with your financial strategy and longer term plans.
Although they can be a life-saver for many people, they do have their downsides and it’s only right that we should point these out – not to put you off getting a bridging loan, but to demonstrate our commitment to being upfront and trustworthy advisers.
The biggest drawback to a bridging loan is that it can be more expensive than a traditional loan. This is because the short-term nature and flexibility of bridging loans usually lead to them having higher interest rates and fees than, for example, a traditional mortgage.
That’s why we’ll work closely with you to ensure that any bridging loan you take out is tailored to your needs and provides you with genuine benefits for your financial planning.
Bridging loans are designed to be a short-term financial solution, with loan terms typically ranging from a few months up to two years. This flexibility allows you to use the bridging loan for your immediate needs whilst you arrange longer-term financing or sell an existing property. We’ll work with you to set a term that matches your timeline and financial plan.
Interest on bridging loans can be charged in several ways: monthly, where you pay the interest each month; rolled-up or deferred, where you pay all the interest at the end of the loan term; or, less commonly, retained, where the interest for the term is deducted from the loan at the start. We’ll help you choose the best option based on your cash flow and financial plan.
Rapid Bridging Loans With No Upfront Fees and No Monthly Repayments
Find your ideal bridging loan
Fill in your details below and one of our bridging loan experts will contact you to discuss your options and help you choose the best deal
Your home may be repossessed if you do not keep up repayments on your mortgage.
For our mortgage services, we typically charge a fee of up to 1% of the mortgage loan amount. Our fee varies depending on the complexity of the case. For straightforward mortgages we may charge a fixed fee. However, we do not charge a fee for bridging loans or any initial calls and discussions.
GWD Finance Ltd is an Appointed Representative of PRIMIS Mortgage Network, a trading name of Personal Touch Financial Services Ltd. Personal Touch Financial Services Ltd is authorised and regulated by the Financial Conduct Authority.
GWD Finance Limited is registered in England and Wales under registration number: 11279550. Registered office and trading address: 11 Old Bond Street, London, W1S 4PN.
The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.