Bridging

What is bridging finance?

Bridging Finance is a flexible short-term funding solution tailored to facilitate smooth & quick property transactions. This type of loan is ideal for those needing to bridge the financial gap between purchasing a new property and selling an existing one or securing a renovation project prior to securing long-term financing. Our expert brokers have extensive knowledge in delivering these loans, designed for rapid access to funds, typically within days or weeks, and most commonly can last up to 12 months. Bridging finance support at OpenDoor Mortgages is not just about speed; it’s about offering a customised, efficient solution for both individuals and businesses, ensuring you don’t miss out on important opportunities due to delays in funding. Whether it’s for quick property purchases, renovations, or bridging a financial gap until a mortgage is secured, our services are tailored to meet your unique property journey needs.

How do I qualify for bridging finance?

Qualifying for bridging finance involves a combination of factors to ensure a tailored and responsible lending experience. Our expert brokers assess your credit history, property value, and your proposed exit strategy, typically requiring security in the form of a property. A clear plan for loan repayment, such as through sale or refinancing, is crucial. We also consider your financial circumstances and the loan-to-value ratio required. Our team is dedicated to guiding you through each step, from assessing the property type and use of funds to evaluating your financial standing & exit strategy. We strive to ensure that our bridging finance solutions align perfectly with your property goals, financial situation, and homeownership or investment plans.
Is bridging finance expensive?

At OpenDoor Mortgages, we understand that while bridging finance may come with higher costs than traditional mortgages, its value in terms of speed and flexibility is unmatched. We are committed to offering competitive rates and transparent, customised solutions. Our brokers work diligently to balance the speed and adaptability of bridging finance with cost-effectiveness, ensuring that the overall financial impact remains manageable for your specific needs. We prioritise clear communication regarding all fees and charges, striving to make bridging finance a viable and advantageous option for our customers, without compromising their financial wellbeing.
What is bridge to let finance?

Bridge to let finance at OpenDoor Mortgages is an innovative, specialised service blending the benefits of bridging and buy-to-let mortgages. This unique financial solution is designed for property investors and landlords, enabling the quick purchase and refurbishment of properties. Initially functioning as a bridging loan to facilitate rapid acquisition, it smoothly transitions into a long-term buy-to-let mortgage, streamlining the journey from property purchase to generating rental income. Our brokers are experienced at guiding investors through this process, ensuring a seamless financial transition and optimised investment planning. This product is ideal for those looking to expand their portfolio with minimal initial outlay, making it easier to seize opportunities in the property market and move efficiently into profitable rental ventures.
Why use bridging finance?

Bridging finance is a versatile solution for a variety of property scenarios. Ideal for rapid, short-term funding needs, it's perfect for situations like auction purchases, property development, or overcoming property chain delays. Our bridging finance services provides quick access to funds, helping you seize timely opportunities, manage renovation projects, or smoothly transition between properties. This flexibility is especially valuable when traditional mortgages may not offer the necessary speed or adaptability required. With our expert guidance, you can efficiently use bridging finance to meet your immediate property goals and navigate time-sensitive investments with ease.