Bridging loans are often a more attractive option then unsecured loans as you will be able to access a much higher loan amount based on the value on your property. Most lenders like Halifax offer a high Loan to Value which can be up to 85%.

They are also attractive because:

• Borrow between £25k – £15m
• Quick application and access to funds
• Great interest rates
• Can be secured on commercial and residential property

A bridging loan from Halifax is secured against any property you have that covers the amount loaned. If you do not repay the amount on the agreed your property may be repossessed.

Bridging loans from Halifax are more commonly used for bridging the gap between a property purchase, but can actually be used for any reason without restriction.

The following are just some of the reasons that people can use a bridging loan for:

• Paying a large bill
• Buying a property from auction
• Consolidating debt
• Infusing some cash into your businesses

Bridging loans are offered to those who need access to funds for short-term financing whether that be buying a new home or financing a business project. Halifax have made their application process extremely easy and straightforward and you can have the funds in your bank within 5-7 days.