Bridging finance is designed to be short term and is always secured against UK bricks and mortar or land. Bridging loans are often used in relation to residential property when a more conventional mortgage may take too long to arrange or is not available. Bridging finance can also be used when purchasing a property prior to sale of an existing property, in situations when capital needs to be released quickly. Another use for Bridging finance would be to avoid bankruptcy/repossessions and to clear any mortgages arrears.