Bridge to Let Finance
A bridging loan that seamlessly converts into a buy to let mortgage once works are complete and the property is tenanted. One application, one set of fees, two products.
Purchase, Refurbish, Rent — One Product
Bridge to let is an increasingly popular product for property investors. It combines a short-term bridging loan (to fund the purchase and any refurbishment) with a pre-agreed buy to let mortgage that kicks in once the property is ready to let. This means one application process, one set of legal fees and certainty of your long-term exit — all agreed upfront.
How Bridge to Let Works
Bridging Phase
The bridging loan funds the purchase and any refurbishment works. Typically 6–12 months.
Works Completed
Once refurbishment is complete and the property is at the target standard, a valuation confirms the improved value.
Automatic Conversion
The bridging loan seamlessly converts to a pre-agreed buy to let mortgage — no new application needed.
Get a Quote
Fast response — often within the hour for urgent cases.
Key Features
Key Criteria
• Bridging LTV: Up to 75% of purchase price
• BTL exit LTV: Up to 80–85% of improved value
• Bridge term: 6 to 12 months
• BTL term: Standard 5-year fixed or 2-year tracker
• Refurb costs: Light refurbishment typically included
Risks & Considerations
- • Bridging loans carry higher interest rates than standard mortgages — they are designed for short-term use only
- • If your exit strategy fails (e.g. property doesn't sell), you may face penalty charges or the lender may seek repossession
- • Arrangement fees, valuation fees and legal costs apply and should be factored into the total cost
- • Interest is typically charged monthly — ensure you budget for ongoing costs during the loan term
- • Some bridging loans are not regulated by the FCA — unregulated loans do not offer the same consumer protections
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Some bridge to let products are not regulated by the Financial Conduct Authority. Your property may be at risk if you do not keep up repayments.
Chess Mortgages is authorised and regulated by the Financial Conduct Authority. Some bridging loans are not regulated by the FCA.
Frequently Asked Questions
Ready to Get Started?
Speak with one of our expert advisers today — initial consultation at our expense, and without obligation.