McMillan Williams’ specialist Borrower Bridging Team acts exclusively for borrowers of short-term finance including Bridging Loans, Development Loans and Commercial Mortgages

Bridging Loan

Harry Tuke
Harry Tuke
Partner & Head of Borrower Bridging

Short term bridging loans are typically used to ‘bridge’ a gap in funding, and are becoming an increasingly popular choice for home-owners, landlords and businesses alike to:

  • secure the purchase of a property in advance of a related sale
  • complete auction purchases within required timescales
  • finish off renovation works and minor developments
  • refinance and/or consolidate existing debts
  • release capital quickly

We are used to the speed and intensity of work required draw down funds as soon as possible, ranging from a few days to a few weeks depending on the complexity of the deal.

Development Loans

Development loans are used to fund property development, from £200k refurbishments or conversions to multi-million pound new-build projects. They are used for residential, commercial and mixed-use properties, and can be applied for by both experienced and first time developers. Depending on the nature and timing of the building works, development loans are occasionally offered up-front in full by the lender but it is more normal for the loan to be drawn down in tranches, with fixed amounts being made available at various stages of the works.

Our experience in both development work and property finance is substantial, and we will take an active role in driving your development loan through to completion.

Commercial Mortgages

Commercial mortgages are generally used to secure business loans above £25,000, and can be used for any purpose relating to the business. Commercial mortgages tend to be for a longer term than those mentioned above, and can be secured against any type of property, whether occupied or not.

We are familiar with lenders’ usual requirements, and would be pleased to help complete your commercial mortgage.

We Can Help

Whether you are using a bridging loan, development loan or commercial mortgage as an individual or as a company, our team of specialist lawyers are able to provide the expertise, advice and understanding required to complete your intended secured loan within preferred timescales. We prides ourselves on being able to offer borrowers an efficient and premium service.

If you are thinking about bridging finance or wish to talk to our specialist Borrower Bridging Finance Team to quickly and effectively complete your matter call us today on 020 3551 8500 or email us at

A commercial security transaction relates to the secured lending to a customer of a bank or other lending institution where the purpose of the loan is clearly for the customer's business purposes.

Gary Wainwright
Gary Wainwright
Partner, Head of Company Commercial

Many banks have policies whereby in commercial security transactions the banks instruct separate practice units to represent them.  Borrowers instruct their own solicitors. The banks' solicitors will usually recover their fees and outlays from the borrowers.

The relationship between solicitor and borrower differs greatly to the solicitor and lender relationship. The borrower may be prepared to "live with" a minor defect in title or some lack of planning or building consent whereas a  lender may take an entirely different stance. All usual enquiries in respect of a prudent purchaser will be considered by a solicitor acting for the bank in addition to further matters designed to ensure the bank’s security properly protects the bank’s legal and financial position.

Contact Us

Telephone 020 3551 8500
email email us
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