A bridging loan is a short-term financing option designed to provide immediate access to funds for property buyers and developers in the UK. It is typically used to bridge the gap between the purchase of a new property and the sale of an existing one, or to finance a property renovation project.

Bridging loans are a flexible financing option that can be tailored to meet the specific needs of borrowers. They can be secured against a wide range of assets, including residential and commercial properties, land, and even fine art.

The loan term for a bridging loan typically ranges from six months to three years, and the interest rates are generally higher than those of traditional mortgages. However, bridging loans offer a quick and convenient way to access funds, with many lenders able to provide financing within a matter of days.