Bridging loans

A bridging loan is a short-term secured loan, usually taken out to solve a temporary cash shortfall when buying a property or business, or paying for a major renovation.

Bridging loan options

1. An Open Bridging Loan: if you're buying a property and the contract for sale of your existing property has not yet been completed.
2. A Closed Bridging Loan: if you're buying a property where the contract for sale has been completed but there is a delay between the receipt of funds and the settlement to purchase the new property.

Bridging loans can help you get the house you're after and be good for:

• buying one property before completion of the sale of another
• funding the purchase of a property abroad or bought at auction
• temporary funding so you can buy a property in need of repair or renovation, until repairs are completed
• funding the urgent purchase of a property until a long-term mortgage is arranged
• raising capital for any purpose, pending a sale of the security

Availability of bridging loans

Bridging loans are available to existing NatWest current account customers. For more information, please visit your nearest branch or call your Relationship Manager.

Fees and interest rates

Arrangement fees may be payable - please contact your local branch for details of fees and the latest interest rates.