Bridging and Development Finance

In the dynamic landscape of property development, securing the right funding is paramount. The purpose of a Bridging Loan is to take you from point A to point B. They are short term secured loans, usually for a period of 36 months or less- depending upon the purpose. They are generally employed when conventional mortgage funding is not suitable. In most cases Bridging funding can be agreed in a much shorter time than mortgage funding.

Bridging is often used when quick completion is required- for auction purchases, or perhaps if the seller is in financial difficulty. It is also often used when a property is not mortgageable due to its condition.

A secured bridging loan may be used when someone is purchasing a residential property- but there is a delay in obtaining the required purchase funds – perhaps because their current property is not yet sold.

Unsecured bridging can be used when the owner is not going to live in the property. It may be a property that they are planning to rent- or one that they are looking to refurbish then sell on.
The Bridging Loan does not necessarily need to be secured on the property being purchased. It can also be secured on other properties owned – sometimes even if there is already a mortgage on these properties.

Some lenders offer a Bridge To Let product. This allows the purchaser to buy the property- refurbish it- then make a simple switch to a Buy To Let product based upon the property’s new valuation.

Explore a range of flexible funding options designed to propel your projects forward. At BTL Mortgages Scotland Ltd, we’re not just advisors; we’re partners in your development journey, dedicated to turning your visions into reality.

This is a loan that enables the purchaser to buy land or property, then fund its build or redevelopment until the point where the project is completed. This can be for a single unit or for multiple units. Generally funds are released in stages as the development progresses.

With our expertise in bridging and development funding, we fully understand the unique challenges that you will face and our tailored solutions are designed to streamline the funding process.

Before embarking on your development venture BTL Mortgages Scotland Ltd are happy to discuss your project and can advise you on the best route to take to minimise you funding costs. Careful planning is the key to unlocking profitable new opportunities.