Bridging loans or bridging finance are a short term funding of finance. A bridging loan or bridging finance can provide fast funding and access to the funds you require with the minimum of needs. Bridging loans or bridging finance can be used in many situations, refurbishment, buying a property in need of work then renovating and selling the property in a short space of time. Bridging loans and bridging finance most common uses are to help you buy a new property before your present one is sold - hence a bridge.
With bridging loans or bridging finance, the loan is always secured against residential or commercial property. This is normally as a first or second charge against a new or existing property, or a combination of them both. Another use for bridging loans or bridging finance is for people who wish to purchase a property at an auction, where the funds are required quickly. A bridging loan or bridging finance is much quicker to arrange than a normal residential mortgage; on average 3-5 working days from first enquiry to completion.
We understand that many individuals and companies require bridging loans or bridging finance for many reasons. So whatever your reason and if you have a clean or an adverse credit rating, if you require a bridging loan or bridging finance, complete our short enquiry form on the right and we will call you back. Remember you could have the funds you require on average within 3-5 days and some loans can be arranged in under 48 hours. |
