The criteria used by bridging lenders do vary, selecting the wrong lender can mean the difference between wasting money on an aborted application or overpaying in terms of overall costs.

For instance, if the selected lender of bridging loans lends against the 90 day property value and not the full open market value you could end up paying for a valuation with only a marginal chance of success. A bridging loan broker will find the best finance rate by weighing the equity available in the security offered and targeting the right tier of lender for your circumstances reducing the chance of a declined application and the loss of any up-front costs!