Bridging & Development Loans in Chislehurst
🏗️ Bridging & Development Loans in Chislehurst
If you need fast, flexible funding for a property purchase, renovation, or project in Chislehurst, a bridging or development loan could be the solution. These short-term finance options are ideal for buyers, landlords, and developers who need funds quickly — often when traditional mortgages aren’t suitable.
Whether you’re buying at auction, funding a refurbishment, or starting a ground-up build, we can help you explore options through trusted lenders.
⚡ What Is a Bridging Loan?
A bridging loan is a short-term secured loan used to “bridge” a gap between buying a property and arranging long-term finance or selling another asset. It’s commonly used when speed is critical — such as:
- Buying a property before selling your current one
- Purchasing at auction
- Buying unmortgageable properties
- Refurbishment or conversion projects
Most bridging loans are interest-only and secured against property. Terms usually range from 3 to 18 months.
🏢 What Is a Development Loan?
Development finance is designed to fund construction or major refurbishment. It’s used by property developers building new homes, converting commercial to residential, or undertaking large renovations.
Funds are typically released in stages based on project milestones and valuations — rather than as a lump sum.
📋 Common Uses in Chislehurst
- 🏠 Converting large period homes into flats
- 🏗️ New-build projects on infill or garden plots
- 🏚️ Buying properties in need of renovation
- 🏘️ Refinancing existing developments to exit onto a buy-to-let or commercial mortgage
💷 How Much Can I Borrow?
Loan amounts and terms vary, but lenders typically offer:
- Up to 75% of the property value (bridging)
- Up to 100% of build costs (development)
- Gross loans up to 65% of GDV (development)
Interest is usually rolled-up (paid at the end) or retained. Rates depend on the project, exit strategy, and borrower profile.
📞 Ready to Explore Short-Term Finance?
If you’re working on a project in Chislehurst and need flexible funding, we can help you explore what’s available from short-term lenders, including those who specialise in complex cases.
Visit our homepage or use our Mortgage Calculator for initial repayment planning.
🧮 Bridging & Development Loan Calculator
Need a quick idea of what short-term borrowing might cost? Use our calculator to estimate monthly interest, loan term, and total repayment.
❓ Frequently Asked Questions
How fast can I get a bridging loan?
Bridging loans can often complete in 5–14 days, depending on the complexity and speed of legals and valuations.
Do I need an exit strategy?
Yes — all lenders will ask how the loan will be repaid. Common exits include refinancing, sale of the property, or sale of another asset.
Can I use bridging finance for residential property?
Yes — bridging loans are commonly used to buy homes before a sale, or to fund refurbishments not suitable for a standard mortgage.
What’s the difference between bridging and development loans?
Bridging is for short-term purchases or refurbishment. Development loans are structured for building or major construction, with staged drawdowns.
Are there fees involved?
Yes — typical costs include arrangement fees (1–2%), valuation fees, legal costs, and monthly interest. All fees are clearly shown in quotes.
🧮 Mortgage Calculator for Chislehurst Buyers and Landlords
Using a mortgage calculator is a quick and easy way to get a rough idea of what your monthly payments might look like. Whether you’re buying a new home in Chislehurst or exploring buy-to-let options, it’s a smart place to start.
Our calculator allows you to adjust the loan amount, term, and interest rate — giving you a clearer view of affordability before you take the next step. It’s ideal for first-time buyers, landlords, and homeowners looking to remortgage.
Ready to run the numbers? Try our Mortgage Calculator now and get a head start on planning your next move.