• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Menu
  • Home
  • Videos
  • Online Tools
  • Residential
    • Mortgage Deals
    • First Time Buyer
    • Remortgage
    • Right to Buy Mortgage
    • Bad Credit Mortgage
    • Self Employed
    • High Income Multiple
    • Gifted Deposit
    • Foreign Nationals
    • Shared Ownership Mortgage
    • Debt Consolidation
    • Product Transfer Rate Switch
    • Close
  • Buy to Let
    • Buy to Let Mortgage Deals
    • Product Transfer Rate Switch
    • BTL 80% Loan to value
    • Buy to let Remortgage
    • Let to Buy
    • HMOs
    • Buy to Let with Bad Credit
    • Limited Company
    • Portfolios
    • Holiday Lets
    • Ex Pats
    • Rent to Family Member
    • DSS Tenants
    • Into Retirement
    • Foreign Nationals
    • Inherited Property
    • Close
  • Bridging & Commercial
    • Bridging Loans Explained
    • Why use Bridging Finance
    • Auction Finance
    • Development Finance
    • Non Standard Commercials
    • Commercial Mortgage Tips
    • Close
  • Protection
    • Home Insurance
    • Life Insurance & Protection
    • Will Writing Service
    • Probate Services
    • Close
  • About Us
    • Why Niche Advice
    • Our Fees
    • Testimonials
    • Blog
    • Privacy Notice
    • Terms and Conditions
    • Close
  • Client Portal
  • Contact Us
Best Mortgage Rates

Best Mortgage Rates

Outside the box Mortgage Solutions

No upfront fees banner

No Upfront Fees!
16 years in business Helping thousands of clients.

Bridging Loans are a good alternative for when Mortgage lenders turn down property.

by Payam Azadi

London Mortgage Broker

My mortgage lender will not lend on the property I want,  can I get alternative finance?

I can’t move as my lender has turned down my property.

They say buying a house is one of the most stressful things you can do. Even when you have jumped through hoops at the mortgage lender and had you status approved you can be let down by the lender’s survey. With our expert advice on bridging loan tools we can get things moving quickly again!.

Traditional mortgage lenders place great emphasis on the collateral for the loan i.e. the property. The reason is if they need to repossess a property because of forfeiture of payment they need to know the property can be readily sold. In short, Mortgage lenders do not want to be landlords therefore they look for properties that can be moved into immediately should the mortgagor default. As such properties that need work to them just do not meet the traditional mortgage terms.

For Short Term Loan / Bridging Finance Advice please complete our Contact Form and of course if  your enquiry is of a urgent nature please call me directly on T: 0207 9932044.

For property bargain hunters that can look past the cosmetic appearance and appreciate the potential this is difficult to understand and accept. Sadly, the mortgage lenders want to protect the here and now – they simply do not want an ‘undesirable’ property on their book. They direct valuers to comment specifically on the ‘re-saleability’ of property and in their assessment think about mass appeal rather than shrewd investors.

Can bridging be the solution for unacceptable properties?

What’s the solution then? Bridging can certainly play a part in the renovation process across both ends of the spectrum. It could be the property just needs a kitchen or bathroom fitted to make it habitable. Alternatively, it could have been a major build that has stalled as the vendor has run out of money. A bridging loan will provide the funds over a short to medium term period until the property is mortgage worthy again and can be refinanced onto a remortgage.

In the extreme it could be you want a finance repairs on a property that has suffered from subsidence and needs underpinning; or a property with by problems associated with pre-re-inforced concrete (PRC) that had been purchased under the Right to Buy from local authorities and were found to have corrosion or other defects as identified under The Housing Defects Act 1984 (now incorporated into the Housing Act 1985), if so a bridging loan together with expert advice made just provide the answer.

Bridging loans can heap huge rewards

With bridging loans the key is to look and concentrate on the end game. It’s not cheap when compared with traditional mortgages but as the saying goes it is short-term pain for long term gain.

For example, a Bridging loans might cost you £2,000 a month for 3 months, whereas a mortgage would have cost £700 if it were available to you. So you end up paying £3,900 more than expected over the period. However, on the flip side you bought the property under its true potential value and now it has been fixed up it is worth £17,000 more – you’re quids in – and perhaps living in an area that you thought would have been out of your natural reach.

In the current climate there is lots of property that needs to be shifted and is being offered at cut prices either though private sales on the internet or via auctions. By utilising bridging finance you are accessing this part of the market, where the real property bargains exist, as others have tried and failed to get a loan, as they have shopped in the vanilla mortgage arena. Furthermore, we can feeds from major auctioneers and we can share this information with our clients.

Author: Payam Azadi

Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.

Twitter Facebook Linkedin

Filed Under: Bridging Loans

Primary Sidebar

Bridging Finance Articles

Auction Finance Problems Avoid Costly Mistakes When Buying at Auction

Auction Finance Problems Strategies for Unforeseen Challenges Auction Finance Problems can be just around … [Read More...] about Auction Finance Problems Avoid Costly Mistakes When Buying at Auction

Bridging Schedule of Works for Property Refurbishment

What is a bridging lender looking for in a Bridging Schedule of Works for property renovation? If you … [Read More...] about Bridging Schedule of Works for Property Refurbishment

5 Key Benefits of Bridging Finance Good and Bad points Explained

Benefits of Bridging Finance - The good and The bad and the Ugly on of the key Benefits of Bridging … [Read More...] about 5 Key Benefits of Bridging Finance Good and Bad points Explained


*Credit Check Offer – Try it FREE for 30 days, then £14.99 a month – cancel anytime
no upfront broker fees

Footer

niche advice logo
AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.
If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay. Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority.

FCA Number: 750263.

Commercial Buy-to-Let and commercial mortgages are not regulated by the Financial Conduct Authority.

Our Fees

Click here for our fees structure. A full detailed fee plan will accompany all our quotes.

Niche Advice Limited has a commercial arrangement under an affiliate programme with Check My File and is remunerated for referrals.

Terms and Conditions

If you wish to register a complaint, please write to us on the details below or call us on: 020 7993 2044.

Correspondence Address: Niche, Unit F3, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234567.

Site Terms and Conditions
Customer Privacy Notice

NICHE ADVICE T: 020 7993 2044

Registered Office: Niche, Unit F3, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG. Registered in England & Wales. Company registration number: 06599033.

Contact Us
Enquire Online

© 2025 · Niche Advice Limited · Site Designed by Niche Advice Design Team