Loans

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Established 90 Years We've been supporting the local community since 1935

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Bridging Loans

Short-term property finance from £50,000 to £500,000

At Conister Bank, we understand that timing is everything when it comes to property transactions. Our Isle of Man Bridging Loan provides a short-term funding solution, helping buyers move forward with confidence.

What is a Bridging Loan?

A Bridging Loan is an interest-only facility designed to bridge the gap between selling one property and buying another. It can also be used to secure a new property while waiting for longer-term finance or to fund refurbishments before refinancing.

Key Features:

🟣 Loan Amount: £50,000 – £500,000
🟣 Maximum Loan-to-Value (LTV): 75%
🟣 Term: Up to 12 months
🟣 Repayment: Interest-only payments each month
🟣 Rate: 10% per annum
🟣 Security: 1st legal charge on the property
🟣 Affordability: Loan must be demonstrated as affordable, with stress testing applied

Who Can Apply?

Our Bridging Loan is available to Isle of Man residents applying in their own name. Applicants must be aged 21 or over and be able to demonstrate a viable repayment strategy, such as the sale of property, fixed deposits, pension funds, bonuses, inheritance, or refinancing.

Costs & Fees

🟣 Arrangement Fee: 1%
🟣 Legal Fees: Payable by the customer
🟣 Early Repayment Fee: Equivalent to two months' interest
🟣 Valuation: May be required depending on your individual circumstances

How to Apply?

You can apply by completing our application form below and return it to us via email or post.

Apply Now

Fast Local Decisions All lending decisions are made on the Isle of Man

Frequently Asked Questions

: Who can apply for a bridging loan with Conister Bank?

Applicants must be Isle of Man residents, at least 21 years old, and applying in their own name.; What is the minimum and maximum loan amount available?

Minimum loan: £50,000
Maximum loan: £500,000; What is the maximum Loan-to-Value (LTV)?

Up to 75% LTV.; What is the interest rate on Conister Bank’s bridging loan?

The interest rate is 10% per annum.; What types of bridging loans does Conister Bank offer?

Conister Bank provides closed bridging loans only, which require a clear exit strategy and set repayment date.; What is the term length for a bridging loan?

The maximum term is 12 months.; How are repayments structured?

Repayments are interest-only, payable monthly, with the full loan amount due at the end of the term.; What fees are associated with a bridging loan?

• A 1% arrangement fee
• All legal fees are payable by the customer
• Valuation fees are payable by the customer (if valuation required); Are there penalties for early repayment?

Yes, a penalty equivalent to 2 months’ interest applies for early repayment.; What documentation is required for the application?

• Proof of ID (passport or driving licence)
• Proof of address (recent utility bill, bank statement, etc.)
• Last 3 months’ payslips or 2 years’ accounts (for self-employed applicants)
• Last 3 months’ bank statements
• Completed application form; What type of security is required?

A first legal charge over the property.; What are acceptable reasons for obtaining a bridging loan?

• Short-term finance during the transition between selling one property and buying another
• Purchasing property to hold for short-term refurbishment before refinancing or resale; What sources of repayment are acceptable?

• Sale of property
• Refinancing
• Fixed deposits, pensions, bonuses, inheritance; Do I need life insurance?

No, but we recommend considering life insurance.; Do I need buildings insurance?

Yes, buildings insurance is required.; Do I need an Advocate?

Yes, funds must be paid to a verified Advocate based on the Isle of Man.; How long is a bridging loan offer valid?

The offer is valid for 90 days, after which a re-assessment is necessary.