Bridging Finance

A bridging loan is a type of short-term loan, This can be typically taken out for a minimum period of anywhere between 1 day to 1 year .This is normally used until a more permanent ,cost effective arrangement of a larger or a longer-term loan is sourced.

This type of loan can be made to company or a private Individual and various securities can be used such as residential property, commercial property or a plot of land.

Loans can normally be arrange from anywhere from £25,000 upwards, some lenders will accept smaller loan but may charge a higher rate.

The Benefits of a bridging loan are:

• All credit ratings will be considered

• Quick arrangement times, this can be 1 day (subject to criteria)

• Can be secured against a property as a first charge, second charge or a refinance or purchase

• Loans can be used for any legal purpose

Due to the nature of the Bridging loan and speed of service Industry standard set up costs can be charged which are payable by the client

• Valuation fees

• Lenders solicitor’s fees

• Lenders facility

These fees will be advised before application

If you are looking to raise finance against, or for a property and are struggling to get any success from the traditional banks, bridging finance can be a quick and easy way to resolve your problems.

• Loans £25,000 - £5,000,000.

• Rates now from 0.75% per month

• Buy to lets, commercial properties and development finance.

• Available in England, Scotland & Wales.

• 1st and 2nd charge bridging loans available.

• Self Certification.

• Adverse credit and mortgage arrears ok.

• Buying at auction.

• Interest roll-up options.

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