The role of a conveyancer in bridging finance: why their expertise matters

When it comes to arranging bridging finance, having the right legal support can make all the difference. An experienced conveyancer that understands bridging finance will play a critical role in protecting your client’s interests and ensuring everything runs smoothly and remains compliant with legal requirements. From the very beginning, their expertise helps guide clients through the often complex legal processes involved in short-term property finance.

For brokers supporting clients with time-sensitive purchases, understanding the role of a conveyancing solicitor is key. Whether it is managing legal checks, liaising with lenders, or handling vital documentation, a good conveyancer can be the difference between a seamless transaction and unexpected delays.

Responsibilities of a conveyancer in bridging finance

Before completing a bridging loan, a conveyancing solicitor undertakes a range of vital checks to safeguard the transaction:

● Reviewing title deeds to confirm ownership and identify any restrictions or issues

● Examining mortgage agreements to ensure alignment with loan terms

● Performing property searches to uncover local authority concerns, planning issues, or environmental risks

● Highlighting potential legal obstacles that could delay completion

Their advice helps clients understand their rights and obligations, allowing them to make informed decisions at every stage.

Facilitating communication between lenders and borrowers

A conveyancer acts as the key point of communication between all parties involved. They manage the drafting and review of contracts to protect the client’s interests, liaise with lenders to ensure all conditions are satisfied before funds are released, and stay alert for any problems that might arise during the process. If issues do emerge, their prompt advice and practical solutions help to keep the transaction moving forward and minimise the risk of delays.

Key milestones: exchange and completion

The exchange of contracts marks a major milestone. A conveyancing solicitor coordinates this process, ensuring all conditions are satisfied before proceeding. They also:

● Confirm the completion date

● Manage the transfer of funds

● Finalise all legal documentation to complete the sale

Timely, accurate handling of these stages helps prevent costly delays and ensures both the client and lender remain aligned.

Financial considerations and legal compliance

Overseeing the financial aspects of bridging finance is another responsibility for conveyancers:

● Stamp Duty Land Tax (SDLT): Following the increases in April 2025, clients should be aware of higher rates for properties over £250,000. An additional 3% surcharge applies to second and subsequent property purchases, including most buy to let transactions. For the latest rates, visit the official HMRC SDLT page.

● Capital Gains Tax (CGT): Applies if the property is later sold at a profit.

● Inheritance Tax (IHT): Relevant if property ownership is transferred posthumously.

Understanding these obligations helps client’s budget effectively and plan repayment strategies.

Ensuring a timely closure of bridging loans

Meeting tight deadlines is often crucial in bridging finance, and having a skilled conveyancer involved can make all the difference. One of their key responsibilities is coordinating repayment plans, working closely with clients from the outset to ensure there is a clear and agreed understanding of how and when the bridging loan will be repaid. Setting out these details early helps to avoid confusion later and can significantly reduce the risk of unexpected delays as the transaction progresses.

Alongside managing repayment arrangements, conveyancers also carry out essential Anti-Money Laundering (AML) checks. These checks are vital for verifying the identities of everyone involved and ensuring the transaction complies fully with regulatory standards. By addressing these legal requirements early and efficiently, they provide added security and reassurance for both lenders and borrowers.

By keeping processes organised, anticipating potential issues, and maintaining proactive communication throughout, a conveyancing solicitor plays a vital role in preventing last-minute setbacks. Their involvement gives all parties greater confidence and helps keep the transaction firmly on course towards a smooth completion.

Conveyancer’s example checklist for bridging finance

● Review and confirm title deeds

● Draft and negotiate sale contracts

● Perform local authority and property searches

● Manage lender requirements and documentation

● Facilitate contract exchange and completion

● Advise on SDLT, CGT, and IHT implications

● Ensure AML compliance

● Coordinate clear repayment strategies

At Alternative Bridging Corporation, we work closely with brokers and conveyancers to ensure your clients experience a seamless bridging finance process. Find out more about how we support brokers through our bridging loan solutions.

If you would like tailored support for your clients’ bridging finance needs, our team at Alternative Bridging Corporation is here to help.