A property bridging loan in the UK is a short-term financing solution designed to help individuals or businesses "bridge the gap" between the purchase of a new property and the sale of an existing one. These loans are often used for time-sensitive transactions, such as buying a property at auction, funding renovation projects, or acquiring real estate before securing long-term financing. Bridging loans are secured against the value of the property being purchased or other assets and typically have higher interest rates than traditional mortgages due to their short-term nature. Borrowers can choose between open bridging loans, where there is no fixed repayment date, and closed bridging loans, which have a defined repayment timeline. They are a popular choice in the UK property market, offering flexibility and quick access to funds when traditional loans may not be an option.