Buying or selling property doesn’t always go to plan. Sometimes, your dream home is available, but your current one hasn’t sold. In those cases, a bridging loan in Greenwich can offer a fast, flexible solution.

At Conran Mortgages, we support local clients who need quick access to funds when traditional mortgages aren’t viable. This article explains what bridging loans are, when they’re suitable, and how they could help you bridge financial gaps with confidence.

Call us today on 020 8528 2251 or email hello@conranmortgages.co.uk for expert advice on bridging loans and short-term finance.

“When your property plans are delayed, bridging loans provide the freedom to move forward—offering speed, flexibility, and certainty when it matters most.”

What Is A Bridging Loan?

A bridging loan is a short-term funding solution designed to help you complete the purchase of a property before selling your current one. It’s typically used to bridge the financial gap between two transactions.

Unlike standard mortgages, bridging loans are often arranged quickly—usually within a week—and repaid within 6 to 12 months. They’re secured against property and ideal for buyers who need to act fast.

When To Use Bridging Finance In Greenwich

There are several real-world situations where bridging finance in Greenwich could be the right solution:

1. Chain-Break Finance

When you’re part of a property chain and a delay threatens your onward purchase, chain-break finance can protect your plans. A bridging loan allows you to proceed without waiting for your buyer to complete.

2. Downsizing Or Upsizing Locally

If you’re planning to upsize or downsize and haven’t yet sold your current home, a bridging loan can provide interim funds to secure your next property, especially in high-demand areas like Greenwich.

3. Renovating A Property Before Moving In

Bridging loans are also useful for purchasing properties that need major refurbishment. Most lenders won’t release a mortgage until the home is habitable, but a bridging loan gives you the funds needed upfront.

4. Auction Purchases In Greenwich

Buying at auction often means completing the purchase within 28 days. A short-term loan in Greenwich can help you meet this tight deadline and secure your investment.

How Do Bridging Loans Work?

Bridging loans are secured against your existing property, the new property, or both. You can borrow up to 75% of the property’s value, depending on the lender.

There are two main types of bridging loans:

Closed bridging loans – have a fixed repayment date, often used when contracts have already been exchanged.

Open bridging loans – do not have a fixed date, but require a clear exit strategy (e.g. pending sale or remortgaging).

Interest can be repaid monthly or rolled up, meaning it’s paid at the end along with the loan. This flexibility is ideal if your cash flow is tied up in a property sale.

Is A Bridging Loan Right For You?

A bridge loan use case in Greenwich usually fits best when:

• You’ve found a new home but haven’t yet sold your current one
• You’re at risk of a collapsed chain
• You’re purchasing property at auction
• You plan to renovate and sell within a short time
• You have a clear repayment route (sale or remortgage)

Bridging loans can also be an ideal sale delay solution, giving you breathing room when unexpected setbacks arise.

However, bridging finance isn’t for everyone. You must have a solid repayment plan, be comfortable with short-term commitments, and understand the associated costs.

What Are The Risks Involved?

Like any financial product, bridging loans carry risks. It’s important to assess them before proceeding:

• Higher interest rates than standard mortgages
• Additional fees, including valuation, arrangement, and legal costs
• Short repayment periods, usually under 12 months
• Risk of repossession if you can’t repay on time

At Conran Mortgages, we offer transparent advice and will only recommend a bridging loan if it suits your circumstances.

If you’re unsure about timing your move or securing funds for a second property, take a look at our guide on Top Mortgage Mistakes To Avoid In Greenwich. It’s packed with useful tips to help you avoid common traps.

How We Help You Find The Right Bridging Loan

At Conran Mortgages, we provide expert advice and access to specialist lenders offering bridging and short-term loans in Greenwich.

When you work with us, we:

• Analyse your full financial picture
• Recommend the right loan structure
• Compare lender rates and terms
• Ensure you have a viable repayment strategy
• Support you through the application and drawdown

Whether you’re buying, investing, or remortgaging, we’ll match you with a tailored solution that supports your short-term goals while protecting your long-term interests.

Frequently Asked Questions

How Fast Can I Get A Bridging Loan?

With the right paperwork and a strong application, you could have funds in under a week. The process is much quicker than a traditional mortgage.

How Much Can I Borrow With A Bridging Loan?

Loan amounts typically range from £25,000 up to several million pounds, depending on your property value and exit strategy.

Can I Get A Bridging Loan If I Have Poor Credit?

Yes, in some cases. Since the loan is secured against property, lenders may be more flexible—especially if you have equity and a clear repayment plan.

What Is An Exit Strategy?

An exit strategy is your plan for repaying the loan. This could include selling a property, refinancing to a mortgage, or using other liquid assets.

Ready To Bridge The Gap? Let’s Talk.

If you’re navigating delays, making a time-sensitive purchase, or stuck in a chain, a bridging loan in Greenwich could be the right move.

At Conran Mortgages, we’ll help you assess your options, secure competitive terms, and move forward with confidence. We’re proud to support homebuyers, movers, and investors across South East London with smart, transparent financial advice.

Speak to our friendly team today on 020 8528 2251 or email us at hello@conranmortgages.co.uk. Let’s help you take the next step without delays.