Mortgage approvals in the UK can take weeks or even months. In London’s fast-moving property market, this delay can put buyers at risk of losing their chosen home, especially when dealing with auctions, chain breaks, or developer deadlines.
A practical solution is to arrange short-term finance while waiting for mortgage approval. These temporary funding products provide immediate access to capital, allowing buyers to complete on time while their long-term mortgage is finalised.
Fastest solution – funds available within days.
Term – 3 to 18 months.
Use – Auction purchases, chain breaks, mortgage processing delays.
Repayment – Cleared once the mortgage completes or via property sale.
Convert your current home into a buy-to-let mortgage.
Release equity to fund your next home purchase before your mortgage approval arrives.
Staged payment or deferred completion terms.
More common in new-build or off-plan transactions where developers may offer flexibility.
Speed – Protects purchases from falling through due to mortgage delays.
Flexibility – Available for residential, buy-to-let, or investment properties.
Certainty – Provides reassurance to sellers and developers that funds are available.
Higher Costs – Bridging loans and short-term finance have higher monthly interest rates (typically 0.5%–1.2%).
Short-Term Structure – Designed as a temporary solution only.
Exit Strategy Required – Repayment depends on successful mortgage approval or sale.
Fraser Bond always advises buyers to confirm the strength of their exit plan before committing to short-term finance.
Fraser Bond works with London buyers and investors who need finance while waiting for mortgage approval:
Independent Advice – Assessing whether bridging, let-to-buy, or alternative finance suits your situation.
Trusted Lender Access – Connecting clients with short-term lenders able to move quickly.
Application Packaging – Preparing cases for approval within days.
Exit Strategy Planning – Ensuring smooth repayment once your mortgage completes.
Buyer Support – Helping clients avoid failed transactions caused by mortgage delays.
To explore fast finance solutions while waiting for your mortgage approval, visit FraserBond.com.
