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Buy property with a residential bridging loan

Residential bridging loans.

  • For when an opportunity won't wait
  • Flexible on income & credit status
  • On a huge range of property types
Ready to find out more?
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Why choose Together?

Mortgage key facts
  • 0.79%

    Rates from 0.79% per month
  • £5m

    Loans from £26k - £5m (more by referral)
  • 12 months

    Available over standard 12 months
  • 75%

    Borrow up to 75% of the property's value
  • No exit fee

    No exit fee options available

*The maximum loan, rate and loan-to-value ratio offered may vary based on your individual circumstances.

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We funded James £2.85m in four hours

James was looking to expand his buy-to-let portfolio with a prestigious six-bedroom home in a UK holiday resort. However the deal hit choppy waters the day before the completion deadline when solicitors demanded additional information – potentially scuppering the purchase and leaving James with a £3million cost.

Fortunately Together were able to step in. James contacted Together at 11:15am and we were able to fund the £3million deal within four hours – an incredibly quick completion and a great result for James.

Figures and details from a real Together bridging loan customer. All personal information anonymised. While we aim to lend within the shortest possible timescales, speed of funding varies with every case.

James's bridging loan with us:
  • £2.85m

    Amount sought

  • 4 hours

    Time to fund

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Secure a residential bridging loan for refurbishments or for refinancing a residential property

We understand that missing out on a great residential property isn’t an option. When you apply for a bridging loan with Together, we'll work quickly and flexibly to help you complete your purchase as soon as possible.

Bridging finance for a residential investment property could allow you to act as a ‘cash buyer’. For example, if the vendor needs a quick sale and is prepared to offer the property at a discount, a bridging loan could minimise your chances of letting the opportunity slip.

At Together, you can also take out a second charge bridging loan. A second charge loan (also known as a secured loan) is one which is secured against a property that already has a mortgage (or a first charge) against it.

If you already own another residential investment property (such as one you let out) which has an outstanding buy-to-let mortgage, you could use our Second Charge Bridging loan to help you in more ways than one. For example, if you’re looking to raise funds for a loft conversion, extension or other improvements to the property, or to raise the deposit to purchase a new property to add to your existing portfolio.

When you reach the end of your term, usually after a maximum of 12 months, you could then choose to refinance onto a Buy to Let secured loan.

Common questions about residential bridging loans

What is a residential bridge loan?

A residential bridge is a short term loan used to fund a residential property which you won’t be living in, such as a rented home that you’ve bought as an investment property.

How does a residential bridge loan work?

The short term loan is typically taken out over a 12 month period, although this can vary depending on your needs. Money from the residential bridge loan can be used for buying and/or doing up your new property. Depending on your repayment type, you may not be required to make monthly payments during the term of the loan. We can look to deduct the monthly payments you are due to make from the loan in advance.

If you are due to repay your loan at the end, you’ll need to plan for how to pay off the lump sum at the end of the agreed period. This is known as an ‘exit strategy’ and can involve arranging longer term buy-to-let finance or selling the property for a profit.

How long does it take to get a residential bridging loan?

From filling out the application to seeing the money land in your bank, the process typically takes 3-4 weeks. However this will depend on your circumstances and the type of valuation needed, meaning it could take longer than this.

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Any property used as security, including your home, may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Together offer a range of regulated products and unregulated products. Together Personal Finance Limited are authorised and regulated by the Financial Conduct Authority (FCA) and offer products including (but not limited to) Personal mortgages, Secured loans, Consumer Buy to Let mortgages and regulated Bridging loans.

Our unregulated products are provided by Together Commercial Finance Limited and include (but are not limited) to unregulated Bridging loans, Buy to Let mortgages, Auction finance and Development finance.

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If you'd like to continue the conversation and find out what Together can do for you, talk to our commercial finance team. You can book a callback from us below, or contact us directly on 0161 956 3224. Lines open between 9:00 and 17:30, Monday to Friday.

By using the appointment booking system, you confirm you have read and understood our Fair Processing Notice.