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Refinance of Existing Bridging


This is when the current bridging loan needs to be repaid and the original plan hasn’t worked out. You may be looking for a lower rate or the build may have been delayed and the current lender wants to charge default rates. We’ve seen these as high as 3% per month.


  • Term of the mortgage, as often lower rates are quoted for shorter terms but if you don’t repay on time the rates can be much higher;
  • Does the lender require a valuation as not all lenders do;
  • Don’t just focus on the interest rate. Add all the costs up to compare one lender to another;
  • If using a broker ensure they fully understand bridging and don’t go through a third party. This will increase the costs and be slower;
  • What is your exit, what is your Plan B, C  etc. Work on this before you apply for the loan.


  • 1-24 month options;
  • Up to 75% of value;
  • Choice of daily or monthly interest rates.


Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.