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BUY-TO-LET

BRIDGING LOANS

BUY-TO-LET

BRIDGING LOANS

Buy-to-let property has been an established option for property investors for many years. However, getting finance to purchase these types of properties can be challenging, as the criteria for buy-to-let finance can be quite comprehensive.

Novellus can be flexible in taking into consideration the specific circumstances around the asset and borrower when issuing terms.  Due to the strict guidelines, obtaining buy-to-let finance can be challenging, which is one of the reasons borrowers seek bridging finance.

BUY-TO-LET

WHAT IS A BRIDGE-TO-LET LOAN?

A bridge to let loan is another term for a bridging loan that will be specifically used to buy a property to rent out. Borrowers can buy any rental property with a bridge-to-let loan, including residential and commercial. This type of funding is a short-term option that helps bridge the gap while organising long term finance.

BUY-TO-LET

WHY CHOOSE A BRIDGE-TO-LET LOAN?

The buy-to-let market is very competitive and when a borrower spots a good deal, it is always looking to make a quick purchase, as it may risk losing out to another bidder. Bridge-to-let loans are usually approved within a short timescale allowing property developers access to funds for purchases quickly.

Properties that could be viable as a buy-to-let often come available through auctions, although they may require extensive refurbishment before being rented out (often falling outside of many lenders’ criteria). Bridging loans can be used when buying properties at auction which are presently not habitable. Unlike most traditional mortgage lenders, the application process for bridging loans does not typically discount uninhabitable properties.

If borrowers are struggling to raise funds, using a bridging loan for buy-to-let deposits ensures that the borrower does not miss out on any good deals, whilst also providing a greater time frame to secure long-term finance.

BUY-TO-LET

CONSIDERATIONS

The borrower will need an exit strategy in place, which is usually refinancing the property with a longer term buy-to-let mortgage.

The loan term provided by Novellus is generally between 6-12 months.

The borrower can pay off the loan at any time within that period without incurring any early repayment fees (save for the interest payable during the repayment notification period).

Find out more

To help discover the approximate costs involved with bridging finance use our online bridging loan calculator for guidance.

Novellus offers a stress-free application process.

Call us today on +353 1 531 4237 or fill out our quick enquiry form below.

Quick Enquiry

Any data provided to Novellus Finance will be used in the decision making and processing of any future loan. The data we collect will be shared with our legal representatives and potentially other third parties to assess borrower suitability and for future transactions on any loan(s) with Novellus Finance. We will hold information securely for up to 7 years after a contract with Novellus Finance ends. Should a borrower wish for us to delete all traces of data we hold about it after its contract expires or should it wish to request details of data we hold about it, please email [email protected]

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100 St. Stephen’s Green, Dublin, D02 EP84

+353 1 531 4237
[email protected]

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©2025 Novellus Finance is a trading style of Novellus Finance Limited registered in Ireland.
Company No. 710946. Registered address: Novellus Bridging, 100 St. Stephen’s Green, Dublin, D02 EP84

THINK CAREFULLY BEFORE SECURING ANY DEBT AGAINST YOUR PROPERTY. YOUR PROPERTIES MAY BE AT RISK IF YOU DO NOT MEET THE COMMITMENTS OF YOUR LOAN