The Definition Of Bridging Finance

The UK bridging loan is a type of short-term loan that provides a finance solution for property buyers when there is an insufficient amount of cash available at completion. The borrower repays monthly over months or years until they get their main funding sorted out. 

They are typically used by people who have been accepted for a mortgage but need to fund their purchase in between receiving money from selling one property and buying another. They are also used by businesses looking to expand or buy new premises, as well as those looking to purchase equipment, machinery, and vehicles.