How to Choose the Right Fast Bridging Loan Lender – Speed Matters!
When it comes to property development and investment, access to fast funding can make all the difference. A quick bridging loan can help you seize opportunities before they disappear—but not all lenders can truly deliver on speed. So, how do you ensure that your bridging loan completes in 7-10 days or less?
The key is choosing a lender with the right processes in place. Here’s what to look for when selecting a genuinely fast bridging loan lender.
1. Dual Representation Solicitors – Cutting Legal Delays
One of the biggest reasons bridging loans get delayed is due to slow legal work. Many lenders and borrowers use separate solicitors, which can lead to back-and-forth negotiations and wasted time.
🔹 The fastest bridging lenders use dual representation solicitors, meaning the same solicitor acts for both the borrower and the lender.
✅ Why it matters: This eliminates unnecessary delays, ensures smoother communication, and significantly speeds up the legal process.
2. Indemnity Insurance Instead of Searches
Local authority searches can be a nightmare, often taking weeks or even months to return. This is a major bottleneck in bridging loan completion.
🔹 A truly fast bridging lender will take out indemnity insurance instead of waiting for traditional searches.
✅ Why it matters: Indemnity insurance covers any potential legal risks instantly, shaving days or even weeks off the completion time.
3. No First Charge Lender Consent for Second Charge Loans
If you’re looking for a second charge bridging loan, one of the biggest delays is obtaining consent from your existing mortgage lender (the first charge lender). Some lenders require this step, adding unnecessary time to the process.
🔹 The best quick bridging lenders don’t require first charge lender consent on second charge loans.
✅ Why it matters: This removes a significant roadblock and ensures a much faster turnaround time for your bridging finance.
4. Alternative Valuation Methods – Faster Property Assessments
Traditional RICS valuations involve scheduling an inspection, waiting for the valuer’s report, and then submitting it to the lender—all of which takes valuable time.
🔹 Instead, a fast bridging lender will use:
✅ AVM Valuations (Automated Valuation Models) – Uses property data and algorithms to provide an instant estimate.
✅ Desktop Valuations – Conducted remotely without the need for a physical visit.
✅ In-House Knowledge – Some lenders rely on their own expertise to assess property value quickly.
✅ Why it matters: By avoiding the traditional valuation process, these alternative methods can dramatically reduce the time it takes to approve your bridging loan.
Looking for a Fast Bridging Loan? Work with the Right Lender!
At Sunrise Commercial, we specialise in arranging fast bridging loans for property developers and investors across the UK. Our expert lenders use dual representation solicitors, indemnity insurance, no first charge lender consent (for second charge loans), and fast valuation methods to ensure your loan completes in 7-10 days or less.
📞 Get in touch today to discuss your fast bridging loan needs and secure the funding you need—without delays!
🔗 Visit our website for more information
For more information contact us for a fees free chat.
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📞 Call us at 07939 091418
📧 Email: john@sunrisecommercial.co.uk
🌐 Visit: https://www.sunrisecommercial.co.uk/
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