Financial Conduct Authority No. 953272

MORTGAGES

BRIDGING LOANS

Bridging finance is a short-term loan secured against any type of property or land on an interest-only basis. The term of a Bridging Loan is from as little as one month through to a maximum of 18 months. Bridging finance is available to an individual or a limited company.

Interest and the lenders arrangement fees are typically rolled into the capital advance, therefore there are no monthly mortgage payments to be met. Consequently, Bridging finance is not underwritten on affordability, instead, lenders are looking for a clear exit strategy, which will allow the funding to be redeemed, within the short-term period of the loan.

Bridging loans are faster to arrange and much more expensive than a mortgage or other types of secured loan. You should only consider this option if you have a clear way to repay the bridging finance quickly; for example, selling a house.

*Some forms of Bridging loans are not regulated by the Financial Conduct Authority.

Client reviews

I have always found Tim to deliver a dependable service over the last 7 years and always has the time to discuss what the right options are for me in a clear and honest manner.
Nathan

I have been using Tim Foreman/Be My Broker for over 8 years now and cannot speak highly enough of his skills and experience in all areas of financial requirements.
Tim's dedication and attention to detail is impeccable and 2nd to none which is why I use his company for all of my financial needs ie Mortgage, House/Building Insurance, Life Cover, Employment Cover to name a few.
If you need a confidential conversation regarding any financial aspects he is always willing to listen and give impartial advice where possible.
I trusted Tim with all my personal banking information.
If you are looking for a new mortgage or just simple advice then look no further than Be My Broker, it's a one stop shop and I wouldn't go anywhere else now.
Tim cares, he looks after your personal needs…don't hesitate to contact his company, you might regret it if you don't.

Matt Hall

I have personally worked with Tim Foreman for over 10 years. During this time he has successfully negotiated competitive deals for a wide range of mortgage products. He has carefully compiled, reviewed and submitted all necessary information to lenders and skilfully managed a number of complex transactions to close multiple remortgages and property purchases. Tim is thorough, pays great attention to detail, closely manages each case from beginning to end and has an unmatched professional and personal approach that makes working with him a great pleasure. I would recommend his mortgage advising services to anyone looking to complete a property purchase, remortgage and receive invaluable advice on the transaction.

Paul Hillier

calculator image

Mortgage Calculator

Actual loan amounts and affordability criteria will differ across lenders.
Your home may be repossessed if you do not keep up repayments on a mortgage.

£
£

Actual loan amounts and affordability criteria will differ across lenders. Your home may be repossessed if you do not keep up repayments on a mortgage.