Bridging Loans

Fast, flexible finance.

Our extensive range of bridging loans have been developed to provide finance for a wide range of borrower need's. As a leading bridging finance provider since 2007, the West One team have an industry reputation for providing a personalised approach to lending resulting in an extensive portfolio of bridging loans. Our highly experienced underwriting team ensure the speed and flexibility needed to help get your clients’ projects safely over the line when the timing is critical.

Bridging loans are short term finance, normally lasting up to 12 months and are a great solution for borrowers who need finance temporarily and quickly. They are ideal for refinancing, auction purchases, property refurbishment and acquiring land or semi-commercial/commercial assets.

Our loans are available as first or second charge and have no early repayment charges.

Let us help you get started

Talk to our expert Bridging Loans team today to discover how our diverse product range can solve your finance needs. 

Speed & flexibility with your bridging loan

Get your client's project safely over the line

Residential

Ideal for purchases, refurbishments or refinances of residential properties that are either used as a principle primary residence or for investment purposes.

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Commercial / Semi - Commercial

Short term finance for purchases and refinances of both commercial and semi-commercial properties.

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Land

Finance for purchases and refinances of land both with and without planning permission.

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Range Criteria

Range Features Criteria

Principle Primary Residence

Regulated bridging loan secured against a borrower's main residence.

Max LTV:

70%

Rates:

from 0.65%

Max charge type:

2nd

Location:

England, Scotland, Wales

Term:

12 months

Interest type:

Retained

  • Client's / immediate family primary place of residence.
  • Evidenced exit strategy from Day 1.
  • Minimum age – 18
  • Minimum loan size - £75k
  • Minimum term – 1 month
  • Scotland – mainland only

Auction

Where purchasing a fully residential property at auction

Max LTV:

70%

Rates:

from 0.60%

Max charge type:

1st

Location:

England, Scotland, Wales

Term:

12 months

Interest type:

Retained or serviced

  • Proof of funds/evidence of deposit required
  • Minimum age – 18
  • Minimum loan size - £75k
  • Minimum term – 1 month
  • Scotland – mainland only
  • Serviced interest subject to a strict affordability assessment

Purchase

Where purchasing a residential investment property, any works required are funded by the borrower.

Max LTV:

70%

Rates:

from 0.65%

Max charge type:

1st

Location:

England, Scotland, Wales

Term:

12 months

Interest type:

Retained or serviced

  • Proof of funds / evidence of deposit required.
  • No intention to be used as principle primary residence by the borrower / immediate family.
  • HMOs up to 6 beds.
  • Minimum age – 18
  • Minimum loan size - £75k
  • Minimum term – 1 month
  • Scotland – mainland only
  • Serviced interest subject to strict affordability assessment

Refurb / Conversion

Funding structural works, ground-up developments and cosmetic refurb as well as HMO, BTL and PD conversion.

Development Lite - funding structural works and ground-up developments.
Max LTV: 70% (Day 1 LTV)
65% (LTGDV)
Rates: from 0.80%
Max charge type: 1st
Location: England, Scotland, Wales
Term: 18 months
Interest type: Retained
  • Approval by monitoring surveyor required prior to any drawdowns.
  • Cannot be used as a principle primary residence.
  • 100% build costs funded, in arrears.
  • Experience of similar projects preferable, but not essential.
  • Minimum profit margin of 20%
  • Minimum age – 18
  • Minimum loan size - £75k
  • Minimum term – 1 month
  • Scotland – mainland only
HMO / BTL  / PD Conversions
Max LTV: 70% (Day 1 LTV)
65% (LTGDV)
Rates: from 0.70%
Max charge type: 1st
Location: England, Scotland, Wales
Term: 18 months
Interest type: Retained
  • No experience required.
  • Typically no monitoring surveyor, but inspections prior to further drawdowns required.
  • Can lend up to 100% of works, in arrears.
  • All appropriate licenses/permissions required.
  • Works to not exceed 15% of GDV.
  • Minimum age – 18
  • Minimum loan size - £75k
  • Minimum term – 1 month
  • Scotland – mainland only
Cosmetic refurbishment
Max LTV: 70% (Day 1 LTV)
65% (LTGDV)
Rates: from 0.65%
Max charge type: 2nd
Location: England, Scotland, Wales
Term: 12 months
Interest type: Retained
  • Works requiring planning permission or approval not allowed.
  • Typically no MS , but inspections prior to further drawdowns required
  • Minimum age – 18
  • Minimum loan size - £75k
  • Minimum term – 1 month
  • Scotland – mainland only

Development Exit

Funding to bridge the gap between completion of the development and sales being achieved.

Max LTV:

70%

Rates:

from 0.60%

Max charge type:

1st

Location:

England, Scotland, Wales

Term:

12 months

Interest type:

Retained

  • Practical Completion to have been achieved is preferable.
  • Inspection reports from build control and warranty provider to be provided.
  • Sales proceeds can be distributed, subject to LTV / credit committee approval.
  • Minimum age – 18
  • Minimum loan size - £75k
  • Minimum term – 1 month

Refinance

For short term cash flow or refinances of existing charges

Max LTV:

65% (1st charge)
60% (2nd charge)

Rates:

from 0.75%

Max charge type:

2nd

Location:

England, Scotland, Wales

Term:

18 months

Interest type:

Retained or serviced

  • Where funds required for a lease extension, extension to happen simultaneous with drawdown of funds.
  • Refinancing existing bridging loans by referral only.
  • Minimum age – 18
  • Minimum loan size - £75k
  • Minimum term – 1 month
  • Scotland – mainland only
  • Serviced interest subject to strict affordability assessment
Range Feastures Criteria

Purchase

Purchasing a commercial or semi-commercial asset.

Max LTV:

65%

Rates:

from 0.70% (semi-commercial)
from 0.85%  (commercial)

Max charge type:

1st

Location:

England, Scotland, Wales

Term:

18 months

Interest type:

Retained or serviced

  • Proof of funds / evidence of deposit required.
  • For semi commercial assets, the residential element must comprise less than 50%  of the square footage.
  • Minimum age – 18
  • Minimum loan size - £75k
  • Minimum term – 1 month
  • Scotland – mainland only
  • Serviced interest subject to strict affordability assessment
  • We cannot  lend on places of worship, football clubs or operating care homes.

Refinance
For short term cash flow or refinances of existing charges

Max LTV:

60%

Rates:

from 0.70% (semi-commercial)
from 0.85%  (commercial)

Max charge type:

2nd

Location:

England, Scotland, Wales

Term:

18 months

Interest type:

Retained or serviced

 

  • Minimum age – 18
  • Minimum loan size - £75k
  • Minimum term – 1 month
  • Scotland – mainland only
  • Serviced interest subject to strict affordability assessment
  • We cannot  lend on places of worship, football clubs or operating care homes.
Range Features Criteria

Purchase

Purchasing a plot of land.

Max LTV:

65% (with planning)
55% (without planning)

Rates:

from 0.80%

Max charge type:

1st

Location:

England, Scotland, Wales

Term:

12 months

Interest type:

Retained or serviced

  • Proof of funds / evidence of deposit required.
  • Minimum age – 18
  • Minimum loan size - £75k
  • Minimum term – 1 month
  • Scotland – mainland only
  • Serviced interest subject to strict affordability assessment - where planning has been granted, relevant planning application reference must be provided.

Refinance
For short term cash flow or refinances of existing charges

Max LTV:

60% (with planning)
55% (without planning)

Rates:

from 0.85%

Max charge type:

1st

Location:

England, Scotland, Wales

Term:

18 months

Interest type:

Retained or serviced

  • Minimum age – 18
  • Minimum loan size - £75k
  • Minimum term – 1 month
  • Scotland – mainland only
  • Serviced interest subject to a strict affordability assessment
  • Where planning has been granted, relevant planning application reference must be provided.

Frequently Asked Questions

Subtitle for FAQs

Beginners guide to development finance
  • Bridging loans Case Study

    £318,000 bridging loan to convert a mixed-use commercial property into residential

    The specialist finance market is well versed in complex scenarios, delivering flexibility to a broad range of borrowers and situations. However, the...

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  • Bridging loans Case Study

    £427,000 bridging loan for auction purchase during lockdown

    The specialist finance market is well known for tackling many scenarios and borrowers which are restricted by or entirely avoided by traditional lenders....

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  • Bridging loans Case Study

    Ensuring a quick completion on a  Bridge-to-Let case during lockdown

    When speed is of the essence and a client has a complex problem such as migrating from one lending product to another, it could be easy to think the case is...

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Become an Introducer

Introduce business to West One

If you would like to discuss a case, register as an introducer or learn more about what West One has to offer, simply complete the short enquiry form below and a member of our broker support team will get in touch.

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Meet the Bridging Finance Team

Sales & Business Development, Operations

Michael Grant

Head of Sales, Bridging & Development Finance

michael@westoneloans.co.uk +44 (0)7415 117 683

Imogen Williams

Business Development Manager

imogen.williams@westoneloans.co.uk +44 (0)7795 518 574

Francesca Kindrat

Head of Operations, Bridging

francesca.kindrat@enragroup.co.uk +44 (0)20 8731 5333

Matthew Watson

Business Development Manager

matthew.watson@westoneloans.co.uk +44 (0)7584165082

Amy Medhurst

Internal Sales Manager

amy.medhurst@westoneloans.co.uk +44 (0)333 1234 556

Mark Hedley

Business Development Manager

Mark.Hedley@westoneloans.co.uk +44 (0)7825 322 425