Bridging loans are designed for speed, but can they really be arranged in just two weeks? The short answer is yes – but only if everything is lined up properly. In this guide, we’ll walk you through how to get a bridging loan quickly, what could slow things down, and how to improve your chances of securing funds fast.
How Quickly Can a Bridging Loan Be Arranged?
Most bridging loans take 2 to 4 weeks to process, but in some cases, you can get one in as little as 5 to 10 days. The speed depends on a few key factors, including:
- Your application’s strength – The more prepared you are, the faster the process.
- The lender’s speed – Some lenders specialise in fast-track bridging loans.
- The property’s details – If everything is straightforward, it helps speed things up.
- Legal work – This is often the slowest part of the process. A good solicitor can make all the difference.
Steps to Secure a Bridging Loan in 2 Weeks
If you need a bridging loan within two weeks, follow these steps to give yourself the best chance:
Have Your Documents Ready
Bridging lenders move fast, but only if they have what they need. You’ll need:
- Proof of identity (passport or driving licence)
- Proof of address (utility bill or bank statement)
- Details of the property you’re securing the loan against
- Exit strategy (how you plan to repay the loan)
- Bank statements and proof of income (depends on lender)
Choose the Right Lender
Not all lenders are quick. Some take weeks just to review an application. If time is critical, work with a lender known for fast bridging finance. A specialist broker can help you find the right lender for you.
Use a Bridging Loan Broker
A bridging finance broker can speed up the process by matching you with the right lender and handling the paperwork. They also have direct contacts with underwriters, so your application won’t get stuck in a queue.
Work with a Fast Solicitor
Legal delays are the biggest reason bridging loans take longer than expected. Some solicitors take weeks to complete due diligence. Choose one with experience in bridging finance – they’ll know how to move things along quickly.
Get a Property Valuation ASAP
Most lenders require a property valuation before approving a loan. Some will accept an AVM (Automated Valuation Model), which is quicker than a full survey. If a physical valuation is needed, arrange it immediately to avoid delays.
Be Ready to Sign Quickly
Bridging loans requires legal documents to be signed and returned promptly. If you’re slow to sign, your loan will be delayed. Be ready to complete the paperwork as soon as it arrives.
What Can Slow Down a Bridging Loan?
Even with the best preparation, some things can cause delays:
Slow solicitors – If your solicitor isn’t familiar with bridging loans, it can slow things down.
Lender due diligence – If the lender needs more checks, it could delay approval.
Poor credit history – Some lenders do credit checks, and issues here could cause delays.
Complex property issues – If there are legal problems with the property, it may take longer.
Can You Get a Bridging Loan in 5 Days?
In rare cases, a bridging loan can be arranged in 5 to 7 days, but this is only possible if:
- You already have a lender lined up.
- You use a lender that offers instant decisions.
- The property is easy to value.
- Your solicitor works fast.
If you need a bridging loan in under a week, be prepared to pay higher rates, as ultra-fast loans often come with premium pricing.
FAQs
Can I get a bridging loan in 24 hours?
It’s highly unlikely, but not impossible. Some lenders offer same-day decisions, but the actual funding process usually takes at least a few days. To speed things up, you’ll need all your paperwork ready, work with a fast lender, and use a solicitor who understands bridging finance.
What’s the fastest way to get a bridging loan?
The quickest way is to:
- Work with a specialist broker who knows fast lenders.
- Use a lender that offers instant decisions.
- Choose a property that doesn’t need complex legal checks.
- Have all documents and valuations ready from day one. If you tick all these boxes, you can potentially get a loan within a week or two.
How long does a typical bridging loan take?
Most bridging loans take 2 to 4 weeks, but some can take longer if there are legal delays, property valuation issues, or lender due diligence requirements.
Can bad credit slow down my bridging loan application?
Not always. Many bridging lenders don’t focus on credit scores – they care more about the property value and your exit strategy. However, if you have serious financial issues (like active bankruptcy), some lenders may take extra time to check or refuse the loan.
What documents do I need for a fast bridging loan?
To speed things up, have these ready:
- ID (passport or driving licence)
- Proof of exit strategy (e.g., mortgage approval if refinancing, sale agreement if selling)
- Proof of address
- Bank statements (some lenders require them)
- Property details
Can I get a bridging loan without a valuation?
Some lenders may offer a bridging loan without a full valuation by using an AVM (Automated Valuation Model), which is much quicker. However, this depends on the lender and the type of property.
Will I need a solicitor for a bridging loan?
Yes, and choosing the right one matters. A slow solicitor can delay your loan by weeks, while an experienced one can fast-track the legal work.
Do all lenders take the same time to approve a bridging loan?
No. Some high-street lenders take weeks, while specialist bridging lenders can move in days. If speed is your priority, always go for a bridging finance specialist.
Are fast bridging loans more expensive?
Generally, yes. The quicker you need the funds, the higher the interest rate or fees might be. Some lenders charge a premium for ultra-fast processing.
What can delay a bridging loan application?
Common delays include:
- Slow solicitors
- Incomplete paperwork
- Delays in property valuation
- Lender due diligence taking longer than expected
If you want a fast bridging loan, make sure to chase solicitors, provide all documents immediately, and work with an efficient lender.
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