Bridge Exit Mortgages
Many people take a bridging loan on a home or other residential property, often through an unregulated lender, and then find the exit harder than expected. We help borrowers move off the bridge onto a longer-term mortgage, using high street lenders wherever your circumstances and the property allow.
Tell us what you want to achieve. We’ll explain what we need to understand your circumstances.
Support that fits your situation
Many people take a bridging loan on their home through an unregulated lender and need a way out. Where your circumstances and the property allow, we look to refinance onto a mortgage with a high street lender.
Read common questions ↓For a property you let out, a buy-to-let mortgage may repay the bridge. Lenders look at the expected rent, your experience as a landlord and the property.
Read common questions ↓If the term is nearly over or interest is building up, tell us early. Your options depend on your circumstances, the property and the time left.
Read common questions ↓Before you proceed
We’ll help you understand the overall costs and practical considerations. Advice and availability depend on your circumstances and the lender’s criteria.
Regulated and unregulated lending
A mortgage on a home that you or a close family member live in is a regulated mortgage contract. Pure Capital Limited is authorised and regulated by the Financial Conduct Authority (firm reference number 957322) and advises on and arranges these mortgages. We must recommend a mortgage that is suitable for you. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Many bridging loans on residential property, particularly those from unregulated lenders, are not regulated by the FCA, so the protections that apply to regulated mortgages may not apply to them. If you are struggling to keep up with payments, speak to your lender early and take independent legal and debt advice. Free, impartial help is available from MoneyHelper.
Make room to plan
Use our calculator to explore the numbers, then speak to us about your individual circumstances. Results are estimates, not a mortgage offer or advice.
Common questions
It is a longer-term mortgage used to repay a bridging loan. A bridging loan is short term, so it needs a planned way to be repaid, and refinancing onto a mortgage is a common one.
We may be able to. We look at your circumstances, the property and the time left on the bridge, and explain the routes that may be open to you. Whether a lender will agree depends on their criteria, and we cannot promise an outcome.
Some may, depending on the lender, your income and credit history, the property and how the bridging loan was arranged and used. We look at which high street and specialist lenders may fit your case.
As early as possible. Valuations, legal work and underwriting take time, and waiting until the last few weeks can limit your options.
Speak to your bridging lender and to us straight away, and take independent legal and debt advice. Free, impartial help is available from MoneyHelper. The earlier you act, the more options you are likely to have, but we cannot guarantee a result.
Some lenders will not lend on a property that is not yet in a mortgageable condition. Finishing and evidencing the works first, or choosing a lender whose criteria fit, are the usual routes. We can talk through your property.
Yes, where the property will be let out, a buy-to-let mortgage may be a suitable exit. Lenders look at the expected rent, the property and your circumstances.
There may be exit fees and other charges on the bridging loan, and arrangement, valuation and legal fees on the new mortgage. We explain any fees and commissions before you proceed.
A mortgage on a home that you or a close family member live in is regulated by the Financial Conduct Authority, and Pure Capital Limited is authorised to advise on and arrange it. Many bridging loans, and most buy-to-let mortgages, are not regulated. We explain the position for your case.
Pure Capital Limited is authorised and regulated by the Financial Conduct Authority (firm reference number 957322). A bridging loan or mortgage secured on a home that you or a close family member live in is regulated. Most other bridging loans and most buy-to-let mortgages are not. Fees and commissions will be explained before you proceed.
