Ten stages of a Bridging Loan

Ten stages of a Bridging Loan

The process of applying for and successfully concluding your Bridging Loan can be broken down into simple stages. Here's a quick guide to what you can expect, and in what order.



  • 1

    You decide on what type of Bridging Loan you will need:

    Open or Closed, the amount you require, and for how long. You also decide what asset or property you will be offering as security.

  • 2

    Use a broker or referral service - such as Means to a Lend - to find a lender that best fits your needs.

  • 3

    Provide the lender with a clear summary of what you want and details of what you wish to buy.

    This should include the purchase price and the source of the deposit you will be providing.

  • 4

    Lender will issue an offer letter stating their terms and conditions of the loan, and details of what you need to do in order to obtain the finance from them.

  • 5

    Lender arranges a valuation report and supplies your solicitor with all necessary documents for the loan application to proceed.

    files and folders
  • 6

    Your solicitor will arrange to go through the details of the deal with you and ensure your understanding of the contract.

  • 7

    Once you are happy with the arrangements you will sign all the paperwork.

  • 8

    The lender will release the funds to your solicitor in preparation for them to complete the necessary legal work.

  • 9

    The Funds are distributed to you or directly to the nominated recipient by your solicitors.

  • 10

    Any fees payable by you, such as the broker fee and solicitors costs are paid by you.

Have a question?

Whether it is just a query about something you have read, or you wish to move on to the next stage of your process, drop us an email and we will be happy to help. Easy, free, and with no obligation

First Name*

Last Name*

Company Name

Phone

Email Address*

Message*

button to the top of the article