What is an urgent bridging loan?

An urgent bridging loan is a short-term loan that could be secured quickly, typically within a few days or weeks. These loans are designed to bridge the gap between the sale of one property and the purchase of another, or to provide fast cash to deal with urgent financial needs.

What can urgent bridging loans be used for?

Urgent bridging loans are commonly used in the real estate industry. For example, a property owner who is in the process of selling their current property may need to secure financing quickly to purchase a new property. In this case, an urgent bridging loan could be used to provide the funds needed to complete the purchase of the new property before the sale of the current property is finalised.

Urgent bridging loans are also used to provide fast cash for urgent financial needs. For example, a business owner may need to secure financing quickly to cover unexpected expenses, such as repairs or payroll. An urgent bridging loan can be used to provide the necessary funds to cover these expenses until more permanent financing can be secured.

At Mercantile Trust, we understand how important it is to receive funds quickly. That’s why our priority is you. As our customer, we will aim to get the funds delivered to you in as little as just a few days.

What are the benefits of urgent bridging loans?

Unlike traditional loans, which can take weeks or even months to process, bridging loans can often be approved and funded within a matter of days. This can be especially important in situations where time is of the essence.

Another advantage of urgent bridging loans is that they can be flexible. Borrowers can typically choose the repayment terms that work best for their individual situation, as long as it is affordable for the borrower. This can help borrowers to tailor the loan to their specific needs and ensure that they are not burdened with a loan that is too difficult to repay.

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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

Speed

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.

What are the risks associated with urgent bridging loans?

It is important to note that urgent bridging loans are not a solution for long-term financial problems. They are designed to provide fast cash for urgent needs, and should be used only when necessary. Borrowers should have exit strategy in place, the sale of the investment property that has been renovated, and should not rely on bridging loans as a long-term solution for financial stability.

Our bridging loan criteria

In conclusion, urgent bridging loans can be a valuable tool for those who need fast cash for urgent needs. They can be secured quickly and are flexible in terms of repayment terms. However, borrowers should be aware of the risks associated with these loans, including higher interest rates and the possibility of losing collateral. As with any loan, it is important to have a plan in place to repay the loan quickly and not to rely on bridging loans as a long-term solution for financial stability.

Are you looking for fast funding during urgent financial circumstances? At Mercantile Trust, we could get you an urgent bridging loan in just a matter of days.

We take a holistic approach to the applications that we receive. We understand that not everybody has the ‘perfect’ credit score, and are willing to help those who don’t. As long as you meet our criteria, then we could help.

Urgent bridging loans are commonly used to resolve financial situations where individuals need funding quickly. In our experience, buying a property at auction, settling tax bills, or simply paying off any major debt are all reasons to enquire for an urgent bridging loan.

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