Well most of us have seen the film because it has been repeated on TV many times and the story tells of the horrors of WW2 and a very daring raid deep into German occupied Holland, called market garden which went badly wrong as they failed to knock out the bridges across the Rhine to cut off the retreating German troops. The failure of the raid became known as a bridge too far which is the phrase that dear old Monty is said to have used.


Bridging finance always used to be the ugly sister at Queen Charlottes Ball but in recent times with the lack of Commercial Mortgages, Finance and Business Loans, bridging has now become the Cinderella of the Ball enabling property deals to go through very quickly and to allow a refinance during the next six months with a lender on a long term basis.

The speed at which a decision can be made has been the obvious attraction, as the decision to lend is more of a valuation based one rather than the ability to service the debt. What lenders do have to concern themselves with is the ability of the client to arrange for another lender to take out the debt after a given period of time.

The time between the purchase and the take out allows the client to carry out any refurb that maybe required or to bring in tenants or to sell on. Planning is essential as bridging is not for the faint hearted and the numbers must be right in order to make an acceptable margin of profit. We may not have access to all the sources of commercial mortgages, finance and business loans that we would like but we do have around fifty sources of bridging finance, and they are certainly not too far away.

Michael J Alexander acommercialmortgage4you.co.uk


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