Spring is a specialist lender established in 2011, offering multiple financial products to individuals and SMEs, such as regulated and unregulated bridging loans.

Fully regulated by the FCA, Spring’s speciality is to lend to customers who may not always meet the criteria of high street banks and building societies.

Spring was founded in 2011 and launched into the bridging loan market in 2022.

In this review, I will detail Spring’s loans’ key features, eligibility criteria, application process, rates and reviews to help you decide whether the lender is the right choice for you.

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  • Rates
  • Range of Finance Options
  • Loan Size
  • Application Process
  • Customer Service

Spring Finance Review

Spring Bridging

Spring offers a range of regulated and unregulated bridging loans from £50,000 to £2,000,000 for both residential and commercial needs.

These short-term financing options are designed to “bridge” a temporary financial gap. They’re typically used in real estate transactions such as purchases and fund refurbishments. You may also use them to raise capital or refinance existing loans.

Key Features Include

  • Bridging loans from £50k up to £2m, with up to 70% LTV available
  • Rates start from 0.99% per month for terms up to 18 months
  • Loans can be used for any legal purpose subject to underwriting
  • 1st and 2nd charge available
  • No early repayment charge
  • Interest can be rolled up or paid monthly
  • Complex credit profiles are considered

Spring Finance is new to the bridging loan sector and doesn’t gather a lot of reviews about these products.

However, the lender’s application process is straightforward, and they clearly display any fee and limitation you might encounter, which prevents any bad surprises. My general feeling is favourable.

What are the Eligibility Criteria for a Spring Bridging Loan?

Here’s the criteria to apply for a bridging loan with Spring:

Lender & Loan’s Criteria

Minimum Age18
LocationEngland & Wales
SecurityLoan must be secured against property
Max. LTV70% for 1st charge Residential Bridging
Min. Loan Amount£50,000
Max. Loan Amount£2,000,000
Interest Repayment MethodRolled-up or paid monthly
Credit ProfileAll types of credit history are considered

Works Permitted on the Property

Residential Bridging
1st Charge
Residential Bridging
2nd Charge
Heavy Renovation
1st Charge
Heavy Renovation
2nd Charge
Light Development
1st Charge
Non-structural works permittedNon-structural works permittedNo Works PermittedExtensions up to 33% of current sq ftExtensions up to 33% of current sq ftSee Full Details

Application Process for Spring Bridging

While the application process for a bridging loan is quite simple, I regret it is not as quick as some of Spring’s competitors. Where most of them allow you to apply directly online, Spring’s process is a bit more “old-school”.

It starts with filling out an individual or company application form, and send it to Spring’s team. These forms will take you mere minutes to complete, and Spring’s team will then get in touch to discuss the next steps with you.

Spring Form

The front-end process is designed to be quick and straightforward, with minimal information needed upfront.

I contacted Spring’s team to request some information and got an answer in a few hours from one of their friendly specialists.

Spring Bridging Rates & Fees

Here are the Spring bridging loan rates for 2023.


Loan Type< 50% LTV< 60% LTV< 65% LTV< 70% LTV
Residential Bridging – 1st0.99%0.99%0.99%1.04%
Residential Bridging – 2nd1.14%1.14%1.19%
Debt Consolidation – 1st1.14%1.19%1.19%
Debt Consolidation – 2nd1.19%1.24%
Heavy Renovation – 1st1.14%1.19%1.19%
Heavy Renovation – 2nd1.19%1.24%
Light Development – 1st1.19%1.19%1.19%


Taking a bridging loan with Spring comes with a set of fees to be aware of. Here are some of the most important ones you may encounter.

ValuationObtaining a valuation report to determine if Spring is able to proceed with the loanVariable
Funds TransferTransferring the mortgage advance to you or your solicitor£30
Monthly ManagementA monthly charge for each payment not made in full on the due date£55
Monthly Default ManagementThe administration costs involved in liaising with you in relation to repaying the loan£125
PossessionSpring takes a property in to possession£495

The full list of fees is accessible directly on Spring’s website.

Spring Reviews & Ratings

Overall, Spring receives very positive reviews, earning a score of 4 out of 5, but only based on 30 reviews.

Most customers praise Spring’s acceptance of loans. The lender is renowned for giving access to financing to a wide range of profiles, even with poor credit history. This is rarely the case with high-street lenders and building societies.

The few negative reviews I came across were related to fees, which isn’t worrying in my opinion, as Spring clearly displays any fees involved, which reduces the eventuality of surprises.

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Spring Finance FAQs

What types of bridging loans does Spring Finance offer?

Who can avail of Spring Finance’s bridging loans?

Spring Finance initially rolled out its bridging loan offerings to a select group of brokers, but later expanded its services to the wider market, supporting both brokers and customers​.

How did Spring Finance enter the bridging loan market?