Historically, Property Bridging Loans have been the go-to option for securing fast financing. Secured by property but with less stringent process than a mortgage, bridging loans are can provide an excellent solution. Property Bridging Loans do have their drawbacks - although the process is simpler than a regular mortgage it can still take weeks to complete a loan. Lenders often must consider not just the value of the property but the proposed ‘exit' from the loan i.e. how you plan to repay. This can cause delays in complex cases and funds may not be received in time or be contingent on the borrower meeting new criteria.
There is a simpler and faster alternative: Luxury Asset Bridging Loans. Assets including fine art, classic cars, and luxury watches can be used to secure a loan from £5,000 up to £5,000,000. Loans take a matter of days to complete and funds are available the same day the agreement is accepted. The range of lending available means they can be used in place of or to top up a Property Bridging Loan.