Bridging loans provide fast, short-term finance to help you seize opportunities, manage cash flow gaps, or complete property transactions without delay. They are designed for situations where timing is critical and traditional funding routes may be too slow.

Bridging finance is about flexibility and speed. Whether you’re a small developer, self-builder, or buyer up against a tight deadline, it can be a powerful tool and we’re here to make sure the legal side runs smoothly.

What is Bridging Finance?

A bridging loan is a short-term loan, usually secured against property or land. It’s designed to provide fast, flexible funding where a traditional mortgage isn’t available.

When is Bridging Finance Used?

Some common scenarios include:
Development Projects – Small builders and developers often use bridging loans to buy sites, refurbish properties, or convert buildings that wouldn’t yet qualify for a standard mortgage.
Self-Builds – Funding land purchases and build costs in stages until a conventional mortgage can be taken out on completion.
Auction Purchases – Bridging allows buyers to meet the 28-day auction completion deadline.
Chain Breaks – Home movers who want to buy before selling their current property.

How It Works

Speed – Applications and approvals are usually much faster than a traditional mortgage.
Security – The loan is secured on property or land (sometimes more than one).
Short Term – Typical terms are 6 to 18 months.
Repayment – Either through selling the property, refinancing with a mortgage, or rolling profits from a completed development.
Costs – Interest is higher than a mortgage and often charged monthly, with arrangement fees and exit fees to factor in.

How We Can Help

Using bridging finance often means dealing with a lender who has detailed legal requirements. Their solicitors will expect searches, enquiries, and specific checks to be carried out before funds are released.

Our team is experienced in acting on bridging transactions whether for developers, self-builders, or homeowners and we handle:

• Reviewing and reporting on the bridging loan terms.
• Dealing with the lender’s solicitors and their requirements.
• Ensuring the legal process is completed quickly, so funds are available when needed.

Why choose Thornton Jones’ commercial property solicitors in Wakefield, Ossett & Garforth?

Stuart Knox, our Head of Commercial Property and Partner, has many years of experience acting for a wide range of businesses and investors in relation to business premises, development projects and various other commercial property deals. We have the expertise to help you find the right solution for your business and investment goals, protecting you legally and financially at all times.

Every Thornton Jones client receives the support and attention of a senior member of our team a service most larger firms cannot match. This means you can be confident that you are benefiting from the very highest levels of expertise and client care, making the process of dealing with commercial property as fast, smooth and cost-effective as possible.

We are proud to have achieved the standards of practice and integrity required to be accredited by the Law Society’s Conveyancing Quality Scheme and we are regulated by the Solicitors Regulation Authority

Get in touch with our Bridging loan solicitors in Wakefield, Ossett, Garforth and Sherburn in Elmet

For advice about Bridging loans, get in touch with our Trust solicitors in Wakefield, Ossett, Garforth, or Sherburn in Elmet, or fill in our online enquiry form for a quick response.

Contact us

☎️ Call our Wakefield office on 01924 290 029

☎️ Call our Garforth office on 0113 246 4423

☎️ Call our Sherburn in Elmet office on 01977 350 500

☎️ Call our Ossett office on 01924 586 466