Bridging finance in Aberdeen
CoreFi arranges bridging finance for Aberdeen limited companies: short-term, property-secured funding for auction purchases, chain breaks, refurbishment and quick completions across the North East. We approach a whole-of-market panel to match your case and your exit to the right lender. We are a broker, not a lender.
Bridging finance is short-term funding secured against property, used to complete quickly and then repaid from a clear exit such as a sale or a longer-term facility. CoreFi arranges it as a broker, going to a whole-of-market panel rather than a single desk, which matters when the clock is tight and the property is unusual.
In Aberdeen the need often comes from timing. A commercial unit in Altens bought at auction, a granite tenement in Rosemount that needs work before it can be let or mortgaged, a chain break on a mixed-use building near the city centre, or a developer needing to secure a site before term funding is in place. Bridging closes those gaps, and the right lender is the one that understands both the property and the exit.
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Tell us about the property and the deadline
Share the property, why you need to move quickly, whether it is an auction, chain break or refurbishment, and how you plan to repay. The exit matters as much as the purchase.
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We match it to bridging lenders
We approach bridging lenders on our whole-of-market panel who understand Aberdeen property and your type of exit, then come back with indicative terms to compare.
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Complete and then exit
You choose the option that fits. We help package the case and manage it to the lender's decision so you can complete on time, then support the exit when it comes.
Where bridging fits in the North East property market
Property in and around Aberdeen moves in ways a generic lender does not always follow. Commercial and mixed-use stock trades at auction and through off-market deals in Altens, Tullos and along the harbour, often needing a fast, unconditional completion. In the granite city centre and areas like Rosemount, Ferryhill and Torry, older residential and mixed-use buildings frequently need refurbishment before they can be let or refinanced onto a conventional mortgage. Out in the commuter belt towards Westhill, Portlethen and Ellon, a buyer may need to secure one property before another sells. Bridging suits all of these because it is fast and property-led rather than tied to the slow rhythm of a mainstream application. Because we know the local stock, we can put a case in front of lenders who will read it as a known quantity rather than an outlier.
Auction, chain break and refurbishment cases
The bridging requests we see in Aberdeen tend to fall into a few shapes. Auction purchases need funds in place fast, usually within the standard completion window, and a mainstream mortgage rarely moves at that speed. Chain breaks arise where a limited company needs to complete on one property while another is still selling, and bridging holds the position until the sale releases cash. Refurbishment bridging funds the purchase and the works on a building that is not yet in a lettable or mortgageable state, common with older granite stock in the city that needs bringing up to standard. Light and heavy refurbishment are treated differently by lenders, and terms, rates and loan-to-value all vary case by case. Everything we outline early is indicative and illustrative; the lender assesses the specific property and prices accordingly.
The exit is what really matters
Bridging is only as sound as its exit, and that is where a broker earns their place. Because the loan is short-term and repaid from an event rather than from ongoing income, a lender wants to see a clear, credible route out: a sale, a refinance onto a commercial mortgage or a development facility, or a completed and let building ready for term funding. In the Aberdeen market, where demand can move with the energy sector, a lender will scrutinise a sale-based exit more closely than in a uniform residential town. Our job is to frame the exit honestly and match the case to lenders comfortable with it, so you are not paying for a bridge that has nowhere to land. We will also be straight when bridging is the wrong tool and a longer-term facility would serve you better.
Frequently asked questions
How quickly can bridging finance be arranged?
Bridging is designed to be faster than a mainstream mortgage, which is why it suits auctions and chain breaks. Actual timescales depend on the lender, the property and how quickly valuations and legals complete, so any timeline we mention early is indicative only.
What can bridging in Aberdeen be used for?
Common uses include auction purchases, chain breaks, refurbishing property that is not yet lettable or mortgageable, and securing a site or building before longer-term funding is in place. Whether a specific case is fundable, and on what terms, is for the lender to decide.
Do I need to show how the loan will be repaid?
Yes. Bridging is short-term and repaid from a clear exit, usually a sale or a refinance onto a longer-term facility. Lenders assess the credibility of that exit closely, and part of our role is presenting it honestly and matching you to a lender comfortable with it.
Is CoreFi providing the bridging loan?
No. We are a broker, not a lender. We arrange bridging finance by matching your Aberdeen case to lenders on our whole-of-market panel. The lender assesses the property and the exit, decides whether to lend and sets the rate and loan-to-value.
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