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Bridging finance and loans are generally secured on a property or other assets of high value - meaning that the value of your asset is used to guarantee your loan. Payments are interest only, so your monthly repayments are lower as you are not paying back any of the bridging loan principal. As bridging finance is a short-term loan, the interest rate will tend to be higher than that of, say, a mortgage, making bridging finance unsuitable for long term financing, but highly useful and profitable for when you need funds fast.
Property Developer and looking for Bridging Finance?
Bridging Finance can be used effectively for the property speculator to buy that property in an auction, once the property has been improved, sell and repay the bridging loan from the sale proceeds.
Are you a home mover caught in the gap between selling one home and buying another? It can be a tricky situation but we can arrange a bridging loan as a cost - effective way to tide you over.
Your options include
* An Open Bridging loan that helps you to buy a home before completing on your sale
* A Closed Bridging loan that helps if you’ve exchanged contracts on both homes, but there’s a delay in moving
Bridging finance can be arranged for a maximum of 75% (loan to value of one property) if you are a house mover and have a new mortgage need but over 100% if two properties are involved.
How long does Bridging Finance take?
You should expect the entire process to take 5 to 10 days - i.e from your first application to the money being paid over to you. It could be done quicker but it depends on how fast you want to move and if there aren't any significant hiccups.
* We can assist with all your bridging finance requirements.
* Completion possible within a minimum of 5 days.
* Fast efficient professional service.
* Funds available for any purpose.
Bridging Finance Loans interest rates vary from lender to lender but generally they can start from as low as 0.75% per month depending on your needs and circumstances. So if you are looking to arrange a bridging loan for mortgaging your present and future home or if you are looking for commercial bridging finance we can help.
Adverse Credit History?
As bridging loans are secured on property, they can be effectively used to raise capital for any purpose, regardless of your credit history. We can help with IVA, IVA'S, BANKRUPT, BANKRUPT'S, CCJ, CCJ'S, ARREARS, DEFAULTS, MISSED MORTGAGE PAYMENTS. Don't despair, just ring us and speak to an advisor in confidence.
Bridging Finance Enquiries - If you would like to speak to a bridging finance advisor, phone us on 01254 248156, our lines are open 9am - 7pm Monday to Thursday and 9am - 5pm Friday - If you would like to place your bridging finance enquiry BRIDGING LOANS
As National UK mortgage brokers we can help with bridging finance enquiries from England, Scotland, Wales and Northern Ireland. We advise on commercial mortgages, including buy to let and other products and services that may not be regulated and because they are outside The Financial Services and Markets Act 2000, there may be no compensation scheme for such products and services.
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