Should you extend your bridge or re-bridge it?
If your bridge is ending and your lender offers an extension, it’s often at a higher or default rate. Re-bridging — replacing the loan with a new facility — is frequently the cheaper alternative. Berkeley Credit can refinance the existing bridge on the asset and exit, from £50,000 to £25,000,000, for business and investment purposes, with a same-day decision.
Extensions look convenient because they’re offered by your current lender, but the pricing usually reflects that you’re out of time and options. A re-bridge resets the clock with a fresh term and, often, a better rate — particularly if the asset has improved or the loan-to-value has fallen since the original advance. It’s worth comparing the two before you sign an extension.
Tell us the terms of the extension you’ve been offered and we’ll give you an honest same-day view on whether a re-bridge beats it. Acceptance is subject to underwriting.
Is re-bridging cheaper than extending?
Often, yes — extensions are frequently priced at a higher or default rate. A re-bridge can reset the term at a better rate, especially if the LTV has fallen. We’ll compare honestly.
What if I’m already on a default rate?
Re-bridging can move you off a default rate onto a new facility. The sooner you act, the more you save — tell us the position and we’ll respond the same day.
Berkeley Credit Limited is registered in England & Wales (Company No. 16111009) and with the FCA under the Money Laundering Regulations (No. 1029007); not fully FCA authorised; no regulated advice. All lending is for business and investment purposes only, on property the borrower does not occupy, and subject to valuation, legals and underwriting.