Santander Bridging Loans

Our Santander Bridging Loan Service

Our Santander Bridging Loan Services can provide you with: 

• Exclusive Bridge Loans – We provide you with exclusive bridging loan deals that you will not find elsewhere on the high street.

• Whole of market Service – We compare all deals from all of the top lenders in the market so you do not have to. 

• Lowest Bridging Loan Rates – We give you access to the leading bridging loan deals.

• Swift Turnaround – You can contact us today if you need to work quickly

• Thinking of buying a property at auction? – Contact us today

What is a Santander Bridging Loan?

The Santander Bridging loans are short-term specialist loans that are designed to cover a temporary shortage of credit. They are often used to ‘bridge’ the interval between you buying a new property and selling your existing property. 

These loans are useful if you need to borrow money over a shorter period. 

How do they work? 

A Santander bridging loan has a more flexible set of criteria than is typically required by mortgage lenders and high street banks, which makes them versatile and relatively straightforward to obtain. Similar to a mortgage, a Santander bridging loan is secured against your property.

Santander offers two types of bridging loans, closed and open. A closed bridging loan is available to borrowers who have already exchanged contracts for the sale on their current property.  Whereas an open bridging loan is designed for borrowers, who have already found and wish to purchase their new property, but have not yet sold their previous property. Typically, lenders such as Santander will be less reluctant to accept closed bridging loans, as it is less likely that the sale will fall through.

The chances of having your loan accepted will be increased if you own a lot of equity in your current property. 

To find out more call us today on 0117 313 6058, or alternatively, complete our call back request form.

What a Santander Bridging Loan can be used for?

• Quick Purchases – Gain quick, short-term cash injection to assist you in the transition of purchasing your new home and selling your existing home

• Beat the Competition – a Santander bridging loan can help you secure a property before you have even sold your own home, and before another buyer snaps it up

• Purchase a property at auction – a Santander bridging loan can provide you with the capital required to secure a property on the day of the auction

• Finance for Property Developments – Santander bridging loans can be used to raise the capital necessary to fund property developments 

• Mortgage Chain Issues – A bridging loan can assist in securing your ability to purchase a property, even in the event that the sale of your old house falls through

To find out more call us today on 0117 313 6058, or alternatively, complete our call back request form.