What is a bridging loan?

A bridging loan is a short term form of finance that ‘bridges the gap’ between payments. Bridging loans are commonly taken out whilst long term finance is being arranged. If you are looking to secure funding for a short period of time to cover renovations, then a bridging loan could be a good solution. These are often a cheaper and more accessible option than other forms of credit.

Fast bridging finance

At Mercantile Trust, it is possible to get a bridging loan in as little as 48 hours. We understand that bridging loans are typically taken out as a way to get finance fast. Therefore, we recognise how important it is to receive these funds at a quick rate so we will try our best to get you the money you need.

What can a bridging loan be used for?

Depending on your circumstances, bridging loans can be used for many purposes:


Do you have a business that is looking to raise capital? Perhaps there is a business obligation that needs to be met with a fast approaching deadline? Or your business is short of stock? If this sounds familiar, then a bridging loan may be the ideal loan for you. Bridging loans are useful when your business is looking to raise funds quickly.

Homeowners and property investors:

Additionally, bridging loans can be taken out when looking to secure a property quickly. For example, during property auction. Auctioneers often expect their finance to be delivered on the day of sale. Most of the time, people aren’t able to provide funds for property upfront in such a short time frame. That’s why bridging loans tend to be preferred in these instances; the funds you need can be transferred into your bank quickly, opening up opportunity for property investment.

Property developers:

Do you have a property that is not up to scratch and requires property development? If so, bridging loans can be a great way to cover these refurbishment expenses. Especially if costs need to be met quickly. If you are expected to deliver refurbishment costs upfront, then a bridging loan may be the ideal financial solution for you.
Overall, bridging loans can be used for multiple causes. The main benefit of a bridging loan is the speed at which funds can enter your bank account. Hence why they are mainly used in situations where money is needed urgently. When applying for a bridging loan, it is important that you prepare a plan on how you will repay your loan. This is known as an exit plan.

Enquiring is easy

It takes 30 seconds.

Simply fill out the form above, or call us to discuss your needs now.

Our team of experts are there for you.

You'll deal with the same experienced advisor throughout your enquiry.

We can get you the funds you need, fast.

You could get a lending decision in just one call.

Our flexible approach


We are proud to be a lender who can deliver loans at a fast approach, to consumers. We make this possible by carrying out our own legal checks, in house for loans under 100k, within hours. We can offer automated valuations, which are available to produce financial solutions in an instant.

Mercantile Trust regularly help their customers carry out renovations with heavy refurbishment loans, by providing finance fast.

No minimum income

At Mercantile Trust, we put our customers at the forefront of what we do.

We offer top slicing, where we can use your personal income when carrying out affordability calculations. If your rental income does not cover your mortgage repayments, we will top up the remaining amount that you cannot cover so you are able to get the loan you require.

No Exit Fees

We want you to be in control of your finance.
With no early repayment or exit fees, Mercantile Trust will strive to find a loan to meet your financial requirements.

How much can you borrow with bridging finance? 

The amount you can borrow varies depending on the lender.

At Mercantile Trust you can borrow from £25,000 up to £500,000 for a bridging loan. Taking out a smaller bridging loan can be used to cover smaller projects such as light refurbishment. Whereas, larger bridging loans can be used for larger investments such as purchasing property at auction.

It is important to remember that taking out a bridging loan all depends on whether you are eligible. Get in touch with a member of our team by calling the number at the top of this page, starting a live chat with an advisor or submit an online enquiry form below.

Our bridging loan criteria

We aim to help absolutely everyone, however there are certain criteria that must be met in order to make a successful application:

  • Unregulated bridging applications only
  • Rates from 0.99%
  • Up to 75% loan to value
  • Most property constructions accepted
  • No personal income requirement
  • No exit fees
  • Minimum property value £75k
  • Minimum advance £25k max £500k
  • Confirmation of exit required
  • Minimum of one buy to let or residential property required
  • Serviced and rolled interest available
  • No ERC (Early Repayment Charge)
  • First and second charge available

Who can take out a bridging loan?

Anyone can take out a bridging loan, as long as you are eligible to do so. Unlike other lenders, our focus is on you, our client, to meet your specific needs. We are a specialist lender who deal with complex cases, so where other lenders have said ‘no’ we aim to say ‘yes’.

Why is it important to have an exit plan?

An exit strategy explains how you will plan to repay the bridging loan. An exit strategy is important when looking at borrowing any type of finance. This is so the lender has confidence that you are able to afford the repayments of the loan. Having an exit plan can give you access to a bridging loan at a quicker rate.

An example of an exit plan is by relying on a sale of a property to make the repayment. Although this is a common method of repaying the borrowing, valuations may be necessary to assess whether the property will generate enough revenue to cover the loan.

On the other hand, if you are borrowing a bridging loan with the intention to invest in property development then it may take longer for funds to reach your account. This is because property development tends to be more complex.

Why choose Mercantile Trust for a bridging loan?

At Mercantile Trust, we like to keep you, our customer, at the forefront of our business. So when you apply for a bridging loan, we’ll make sure it’s the right fit for you. Our priority is you, as our client, to accommodate your needs. We are a direct lender, so there are no hidden broker fees.