Whether you need more time to complete your development, or want to ensure it sells at the right price, our Commercial Bridging loan can help you smoothly exit your development finance loan.
We’re Together. For over 50 years, we’ve helped thousands of people, businesses and professionals unlock their property ambitions with our common-sense approach to lending.
Projected income
We can accept income projections, even from new companies with no prior trading history.
Multiple exit strategies
We accept exit strategies including selling or refinancing the property, or using an inheritance or draw down.
Valuations
We can conduct a desktop valuation (up to £500k) to help speed up your application.
Whether you need funds for a personal purchase, investment, business growth or home improvements, our flexible short-term finance options can help you move quickly without long-term commitments.
Access funds quickly
Bridging finance allows you to act as a cash buyer. So, if the vendor needs to make a quick sale, you can capitalise on the opportunity to buy at speed.
Improve and repair
Whether you’re looking to sell or rent out, a bridging loan can give you the cash to refurbish the property, or add conversions, extensions or other improvements.
Finance your future purchases
Raise a deposit for a new property to add to your portfolio with a second charge bridging loan to release some of the equity built up in an existing property.
How does a bridging loan work?
What’s the process?
Get in touch with our team to get a quote and start your application.
After receiving your application, we’ll ask you for some information to assess your affordability.
If everything checks out, we’ll approve your loan.
Our team will then send you our offer so you can confirm that you’re satisfied before we send the funds to you.
Moving onto a short-term, potentially lower-cost loan will allow you to bridge the gap between the end of your original investment term and releasing the capital in your project. This means you’ll have up to 12 months to exit, giving you time to finish off some minor development work, complete a sale, or even make a start on your next project.
We can often consider personal circumstances which some other lenders can’t – such as less-than-perfect credit, for example. And when you’re up against the clock, we’ll work quickly and flexibly to help you keep your project on track.
How long does it take to get a development exit bridging loan?
Getting a development exit bridging loan can take just 3-4 weeks to complete but this can depend on the type of valuation needed, meaning it could take longer.
When should I switch from development finance to development exit finance?
A common time to switch to a development exit loan is when your project is nearing the final few months of completion. Moving to development exit finance at this stage can help repay your higher-cost development loan, avoid potential late payment fees, and give you more time to sell or refinance without added pressure.
You might consider switching when:
Your project is close to completion
Your development loan term is coming to an end
You want to release some of the equity you’ve built up
You’re planning to rent the property and need time to secure tenants
If you’re unsure about the right timing, we can help you assess your project and decide when it makes sense to make the switch.
How does development exit finance differ from extending my development loan?
Development exit finance is designed to replace your development loan once your project is nearing completion. It can help reduce your costs and give you more time to sell or refinance, without the pressure of your original loan ending.
Here’s how the two options compare:
Development loan extension
Development exit finance
Primary purpose
Extends your current loan term.
Repays your development loan and replaces it.
Interest rate
Typically stays higher due to ongoing build risk.
Usually lower as the build is complete.
Flexibility
Often more limited with stricter terms.
Gives you more time (typically 6 - 18 months) to sell or refinance.
Repayment
May involve staged or full repayment.
Often uses rolled-up interest (no monthly payments).
Developers often choose development exit finance to:
Avoid potential fees on their development loan
Release equity from the completed project
Improve sale value by allowing more time to market the property
Give flexibility to sell or rent without pressure
If you’re unsure which option is right for you, we can help you understand the differences and find the best fit for your plans.
Can I draw extra capital out of a development exit bridge?
Yes, it’s often possible to release additional capital once your project is nearing completion or has reached practical completion.
At this stage, a development exit bridge can be used to refinance your original development loan, repay the existing debt, and release some of the equity you’ve built up. The amount you can access will depend on the property’s value at the time, or its Gross Development Value (GDV).
Developers often use this additional capital to:
Fund their next project, such as a deposit or land purchase
Cover final works on the current site
Manage cash flow, including paying fees or interest
Do all units need to be complete before I can refinance with development exit finance?
No, not all units need to be fully complete. It’s often possible to refinance with development exit finance before everything is finished.
That said, it will depend on how close the overall project is to completion, as lenders will want to see that the majority of the work is done and the remaining risk is low.
Calculate how much I can borrow
Do you want to understand the potential cost of your mortgage or loan?
We can give you an idea of the monthly costs with just a few details like the property value, your deposit amount and how long you need the loan to last.
