What is a Bridging Loan?
A bridging loan is a short-term secured loan, typically with a repayment term of 6 to 24 months. These loans are usually provided by smaller, more agile lenders, offering a faster way to access finance without the long waiting times and bureaucratic hurdles often encountered with institutional lenders.
Bridging loans serve as a short-term financing solution for instances when you don’t have immediate access to funds, allowing you to bridge the gap until you can access your funds. As long as you meet the lender’s requirements, you can borrow the amount you need.
However, the trade-off is that bridging loans tend to be more expensive than conventional mortgages or term loans. Therefore, it is crucial for borrowers to have exit plans in place to ensure the loan is repaid as early as possible. Additionally, because the rates are less favourable than those of other lenders and there is a risk of not being able to sell your property to repay the loan, The Bridging Finance company requires that you seek Independent Legal Advice (ILA) regarding the terms of the loan, and that’s where we come in.
Our Specialist Lender Service
Our specialist lender service division offers bespoke finance solutions for clients, banks, mortgage lenders, and financial institutions across the UK. We leverage our nationwide coverage and multi award-winning service legal expertise to deliver tailored solutions that meet the unique requirements of each lender.
At Equilaw, we’re proud to offer comprehensive bridging loan legal services. Unlike most firms, we have over 65 dedicated solicitors who travel across the UK daily to meet our clients in their homes or offices. This unique approach allows us to provide Independent Legal Advice (ILA), witness signatures, and certify documents, ensuring convenience and efficiency.
This personal touch enables us to truly serve our clients, avoiding the need for them to seek out local solicitors, which often leads to additional costs and delays.
Explore our bridging loan legal services and experience the Equilaw difference. Contact us today to learn more about how we can assist you with your legal needs.
Meet Your Legal Team
The team at Equilaw consist of expert lawyers and legal professionals who have a wealth of experience in the Specialist Lending sector. We offer clients in-depth guidance on their products which has been recommended to them.
Rob Field – Solicitor
Prior to joining Equilaw, Rob studied Law at the University of the West of England, graduating in 2016.
Rob has also completed the Legal Practice Course and is a graduate member of CILEx. He completed his portfolio to become a Chartered Legal Executive and in August 2022 became a fully qualified solicitor. Rob assists Case Managers solve complex problems, to progress files to completion.
Natasha Meredith – Chartered Legal Executive
Natasha is a Chartered Legal Executive and has worked at Equilaw since graduating from the University of West of England in 2015.
She progressed from working as a Case Assistant to being a Team Manager in one of our transaction teams. Natasha deals with more technically complex cases as well as providing day to day supervision to members of her team.
Your Dedicated Business Development Team
Our Business Development Team is here to assist you with any enquiries and provide a bespoke quote tailored to your specific needs. For more information, please contact us at BD@equilaw.uk.com or use the contact form below.
Matthew Taylor matthew.taylor@equilaw.uk.com
Jade Barry jade.barry@equilaw.uk.com
Mark Willis mark.willis@equilaw.uk.com