Bridging Loans tend to be used as a short term finance solution for most clients. This is because bridging loan companies tend to charge much higher rates of interest when compared with a standard high street loan or mortgage. We are experienced in acting for clients who require a bridging loan to perhaps fund a shortfall in a property purchase, to bridge the gap between a property purchase and a sale of an existing property or to fund development works to a property either before a sale or ahead of a complete refinancing.
Woolsey Morris & Kennedy’s team are very familiar with the time sensitive nature of these transactions and we work closely with the lenders solicitors in order to achieve the usually quick turnaround times which are common with this type of finance.
- Chris Elliott
- Partner, COLP, Head of Litigation