BRIDGING LOANS

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John Smith
London, England

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Bridging Finance or Bridging Loans are short term, high value loans that are secured against either a commercial or residential property. They are often referred to as “short term funding”. Typically the term of a bridging loan is less than one year.

The most common use of bridging finance is to complete quickly on a property purchase without having to sell your own property. Often this type of funding is used in an emergency situation where a buyer pulls out at the last minute leaving you the option to postpone or cancel your property purchase.  It’s also common for homeowners in a slow market to use bridging finance to become a “cash buyer” and therefore get a better deal on the property purchase.

The biggest advantage of bridging finance over other types of loan financing is the speed in which funds can be made available – around 1 week.  With little or no red tape or credit checks in place it is an ideal way for those with poor credit history to borrow money in the short term when other lenders may refuse credit.

The speed at which bridging finance can be arranged also makes it attractive for investors – for instance buying at auction or when a property can be bought refurbished and sold within a short period of time.

Bridging finance is a significant area of lending that is often overlooked by consumers but which can provide an invaluable source of funds in particular circumstances where mortgages will not do the job. A bridge can also be used for a variety of other purposes where a mortgage may be difficult or even impossible to obtain including property auctions, refurbishments, developments or buy-to-lets.

Our Loans are from £10,000 to £150,000

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