1. Home
  2. Secured Loans in the UK
  3. How Long Does it Take to Get a Bridging Loan?
Published 07 November 2022

How Long Does it Take to Get a Bridging Loan?

Getting a bridging loan can take between 72 hours and two weeks to complete, or perhaps even longer. It is rare, but some bridging loans can be arranged in just 24 hours. Having the necessary paperwork to hand and using an experienced solicitor could help you get a bridging loan faster.

Bridging loans are short-term loans that can typically be arranged faster than a standard mortgage. This could help if you find yourself in a situation where you need finance in place quickly to purchase a commercial or residential property, or are waiting for other funds to become available.

Find out how long it might take to get a bridging loan, the reasons your application may be held up, and how to try to avoid these delays.

How quickly can I get a bridging loan?

Bridging loans will typically take anywhere between 72 hours to two weeks to complete, depending on the lender and your individual circumstances. It could take longer or, in very rare cases, a bridging loan has been paid out inside 24 hours.

Generally you can expect an initial decision on a bridging loan application to be made within 24 hours, and sometimes within as little as an hour, but actually getting the money usually takes longer.

What factors can delay a bridging loan application?

There are a few factors that can slow down the bridging loan application process, including:

How can I speed up my bridging loan application?

While the time it takes to process a bridging loan application varies between lenders, there are ways to reduce the risk of delays, including:

WARNING: Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it.

Always check whether a bridging loan is regulated or not. To protect consumers, bridging loans on residential properties must be regulated by the Financial Conduct Authority. Bridging loans on buy-to-let, commercial and investment properties can be unregulated.

Image source: Getty Images

About the Authors

Brean Horne

Brean was a writer and spokesperson for NerdWallet who covered a variety of topics including money-saving tips, credit scores and managing debt. With over five years' experience in finance, she…

Read More
Tim Leonard

Tim is a writer and spokesperson at NerdWallet who has over 20 years’ experience writing about almost all aspects of personal finance. During his career at Moneyfacts, Virgin Money and…

Read More
Dive even deeper
Thinking of a Loan? Beware of the Fee Scam that  Could Cost You Hundreds of Pounds

Thinking of a Loan? Beware of the Fee Scam that Could Cost You Hundreds of Pounds

With more people turning to borrowing during the cost of living crisis, it’s even more important to be vigilant against loan fee fraud and other types of scams. Find out how loan fee scams work and what you can do to beat these fraudsters.

How a Credit Union Helped Make a Christmas Wish Come True

How a Credit Union Helped Make a Christmas Wish Come True

Christmas can put extra pressure on our bank accounts, but a credit union could help you to save up or get an affordable loan. Find out how a credit union is helping one young family this festive season.

Continuous Payment Authority: How It Works

Continuous Payment Authority: How It Works

You can use a continuous payment authority to pay for subscriptions and memberships, as well as to repay a loan. Find out how they work and how you can stop a continuous payment authority.

Back To Top