A residential bridging loan is most frequently used when you would like to buy a new property but have not sold your existing one. On these occasions it is possible to take out a short term loan that may be repaid as soon as your old property is sold. It can also be used to repay debt, home renovations and even purchase new investment properties. Our expert advisers will work from the market value of the properties not the purchase price, which is the case with most high street lenders. Using a bridging loan for home improvements can be very useful, for instance when a high street lender can’t loan on a property because it has no tenants.