For buyers and investors acquiring their next property or commercial purchase, debt can be an advantageous way for clients to access capital and unlock opportunity. One popular mechanism is leveraging high-value bridging finance.
According to Bridging Trends data, total gross contributor bridging lending was estimated at £822.2 million in 2024, with an average of 47 days from application to completion, demonstrating its continued popularity and robustness despite economic volatility.
With several different bridging options available, one particular product – obtainable through Enness Global – is commanding market presence by offering fast bridging finance at highly competitive interest rates.
What is bridging finance?
Bridging finance is a short-term financial product designed to facilitate time-sensitive transactions by providing interim funding until long-term finance is secured, or the loan is repaid. It is advantageous when used to aid cash flow during commercial procurement, purchase property at auction, or during chain-break financing.
Due to its fast and flexible purpose, facilities often have higher interest rates and shorter repayment terms that reflect its purpose as a stopgap measure. However, Enness Global is delighted to have access to a new bridging product offering very competitive interest rates when compared with similar products in the market.
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What type of clients benefit from bridging finance?
With bridging loans fast becoming a first-choice finance tool for buyers and investors, it’s no wonder clients continue to use these loans as a technique to leverage their capital in times of growth. Clients who would benefit from competitively priced bridging finance include:
- Asset rich, cash poor clients with complex and/or low income
- High-net worth (HNW) individuals who require significant borrowing and bespoke terms
- Investors with wealth tied up in assets like property, yachts and cars
- Clients with ambitious projects that may struggle to secure funding through mainstream lenders due to progressive ideas
Enness Global’s access to competitive bridging finance
Most specialist lenders and private banks operate within predefined funding criteria that are subject to constraints and limitations. However, in the case of this proposition, Enness Global has access to a challenger bridging product from a lender representing a healthy proportion of lending in the residential mortgage market.
As such, the available funding can be deployed on a far greater scale, enabling competitive interest rates to be passed on to our clients. Additionally, Enness Global’s direct access to underwriters allows us to engage with key decision-makers, ensuring we negotiate and secure the most favourable terms possible.
Key-highlights of our access to this product are:
- Loans available from £200,000 to £5 million
- Up to 70% loan to value (LTV)
- An interest rate of less than 8% for 12 months
- Stretched loan term of up to 5 years, which is longer than most standard terms seen in the market
Product success story
As experts in sourcing high-value finance for our clients, a recent successful use of this product saw Enness Global endorse the use of bridging finance between terms coming to an end and getting refinance in place.
The HNW client required refinance of c.£4.5m, however faced significant challenges due to their lack of income following a management-buyout from their business in anticipation of retirement. The client owned a high-value property but had no additional assets to use as security and was unable to provide evidence of any income.
Speed was crucial as they had just four weeks to secure a new facility. We knew they needed fast and cost-effective funding to replace their existing high-interest bridging loan that carried unsustainable terms, making it imperative to arrange a competitive refinance.
Knowing we had access to bridging loans with preferential lending terms, we worked directly with the lender’s high-value underwriting department to successfully secure a c.£4.5m facility with a low interest rate and attractive fees, until we were able to find advantageous refinance terms.
By securing this loan, the client benefited from substantial savings compared to their previous arrangement, providing them with much-needed financial stability and space to breath before securing their next long-term loan. We worked directly with the lender to deliver a bespoke arrangement, tailored to the client’s need.
At Enness Global, our expert bridging finance specialists excel in navigating high-value and complex property refinancing. We can help you navigate complex transactions efficiently, with flexibility and strategic support to ensure our clients receive the best possible terms. To get in touch with our bridging finance team, contact us today.
