Bridge loans provide borrowers with a short-term injection of funds that can be very helpful when you’re in a pressing financial situation. They can also prove very handy in ‘bridging’ a gap between an immediate cost and the availability of your main line of credit.

Bridging loans are commonly used in property purchases. There are certain types of property that can’t be purchased with a standard mortgage, so bridge loans give buyers the opportunity to make these types of purchase within immediate timeframes. The most established high street banks in the UK offer a wide variety of bridge loan solutions to suit all individual circumstances.

Since the financial crisis, a volume of new lenders has brought a wealth of bridge loan options to the online market. The wide variety of bridge loan vendors available makes it important than ever to compare your options carefully to find the best rates for your particular circumstances.

Getting the best deal

Landing the perfect loan is always going to be about weighing up your options. All established banks will make it their mission to only recommend bridge loans that you can afford, while newer entrants to market can often be found offering the most attractive rates available.

Bridge loans come with two different rate formats; fixed and variable. Fixed rate loans have an interest rate that is set in stone, meaning you’ll be paying a consistent amount every month. In contrast, a variable interest rate can change over time, so your payments each month have the potential to increase or decrease. These are two of the most important aspects to look out for when you’re comparing offers from different vendors.

Start looking for your perfect bridge loan now by taking a look through our dedicated bridge loan comparison pages. Compare the latest deals on offer throughout the UK.