Can you refinance a bridging loan?
Yes — you can refinance an existing bridging loan with a new one, including another lender’s facility, before the term ends. Berkeley Credit repays the existing bridge and replaces it with a new one secured on the same asset, assessed on a credible exit. Loans from £50,000 to £25,000,000, for business and investment purposes, with a same-day decision.
Refinancing before term is the smart version of re-bridging: you move while your current loan is still within its term and before any default rate applies. We look at why the original exit slipped and whether the new exit is deliverable in the new window. If it is, we can usually complete quickly enough to clear the existing facility before its term-end date.
Move early — the closer you are to term-end, the fewer options you have and the more a default rate threatens. Acceptance is subject to underwriting.
Can you repay another lender’s bridge?
Yes. We refinance bridges from other lenders, repaying the existing facility on completion and securing the new loan on the same asset.
How quickly can you complete?
A decision in principle comes the same day; we then work valuation and legals to beat your current term-end date, so move as early as you can.
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.