Bridging loans
A Bridging loan is a short-term secured loan, usually to solve a temporary cash shortfall when buying a property, or similar asset, or paying for a major renovation.
Bridging loan options
- Open Bridging Loan: If you’re buying a property and a contract for sale of your existing property has not yet been completed.
- 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 be good for:
- Funding the purchase of one property before the sale of another
- Allowing you to buy a property before a long-term mortgage is arranged
- Providing temporary funding so you can buy a property in need of repair or renovation, until repairs are completed
Availability of Bridging loans
Bridging loans are available to NatWest current account customers. You may wish to take independent legal advice prior to taking a Bridging loan. 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.
Your home may be repossessed if you
do not keep up repayments on your mortgage
Get in touch
Call Private Banking Direct on
0845 30 50 800
(Private Banking customers only)
Minicom
0845 900 5961
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