Temporary Finance Until Mortgage Comes Through – Fraser Bond UK Guide

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When Buyers Need Temporary Finance to Secure Property in London

Why Buyers Need Temporary Finance

In London’s competitive housing market, timing is everything. Mortgages can take weeks or even months to process, but property purchases – especially at auctions, with new-build deadlines, or in chain-sensitive sales – often demand immediate funding.

A solution is temporary finance until the mortgage comes through. This allows buyers to complete on time and avoid losing a property, while waiting for their long-term mortgage to be finalised.


When to Use Temporary Finance

  • Auction Purchases – Auctions require completion in 28 days, too fast for most mortgages.

  • Chain Breaks – Securing your purchase even if your sale is delayed.

  • Developer Deadlines – Meeting fixed completion dates on off-plan or new-build homes.

  • Refurbishment Properties – Buying unmortgageable properties before works are complete.

  • Mortgage Processing Delays – Completing while lenders finalise approvals.

Fraser Bond helps buyers structure temporary finance to protect transactions without unnecessary risk.


Options for Temporary Property Finance

Bridging Loans

  • Most common solution – short-term finance arranged in days.

  • Term – 3 to 18 months.

  • Repayment – Via mortgage completion or property sale.

Let-to-Buy Finance

  • Convert your existing home into a buy-to-let mortgage.

  • Release equity to fund your new purchase until your mortgage comes through.

Developer or Seller Finance

  • Some developers allow staged or deferred payments.

  • Useful for off-plan purchases and new-build completions.


Benefits and Risks

Benefits

  • Speed – Enables buyers to secure property immediately.

  • Flexibility – Suitable for residential, investment, or mixed-use transactions.

  • Certainty – Strengthens buyer credibility in competitive London markets.

Risks

  • Higher Costs – Bridging loans charge more than traditional mortgages (0.5%–1.2% monthly).

  • Short-Term Only – Designed for a few months, not years.

  • Exit Strategy Required – Repayment depends on mortgage funds or a sale.


Fraser Bond – Temporary Finance Specialists

Fraser Bond supports London buyers, landlords, and investors with tailored temporary finance solutions:

  • Independent Guidance – Assessing whether bridging or let-to-buy finance fits your situation.

  • Trusted Lender Access – Introducing clients to lenders who can release funds in days.

  • Application Packaging – Preparing cases for rapid approval.

  • Exit Strategy Planning – Ensuring repayment through mortgage drawdown or property sale.

  • Buyer Advisory – Helping clients complete transactions on time, even when mortgages are delayed.

If you need temporary finance until your mortgage comes through, explore bespoke solutions at FraserBond.com.