Frequently Asked Questions

Bridging finance typically costs more than a mortgage and is priced monthly, not annually. Expect interest of around 0.6% to 1.5% per month, plus arrangement fees (often 1-2%), valuation fees, and legal costs. Total cost depends on loan length, risk, and structure.

Yes, you can get a bridging loan without a job because UK bridging finance is asset-led, not income-led. Lenders focus on the property security, loan-to-value, and a credible exit strategy such as sale or refinance. Income is usually only assessed if the exit relies on a residential mortgage.

A non-status bridging loan is a short-term, property-backed loan approved on the value of the security and a clear exit strategy, not on income or employment. It is typically used for auctions, refurbishments, or time-critical transactions where traditional mortgage affordability assessments are not suitable.

A regulated bridging loan is secured on a borrower’s main residence or intended main home and is FCA-regulated with affordability and consumer protections. An unregulated bridging loan is used for investment, buy-to-let, commercial property, or land, and is assessed mainly on the property and exit strategy.

Yes, consultations can be provided remotely. Remote consultations allow clients to receive advice and case management without attending in person, using phone or video calls. This approach offers flexibility, speed, and full access to specialist support regardless of location within the UK.

Some bridging loans are regulated in the UK. A bridging loan is FCA-regulated when it is secured on a property that is, or will become, the borrower’s main residence. Bridging loans used for buy-to-let, investment, commercial property, or land are typically unregulated.