Bridging loans are a short-term financing solution. It is a loan (mortgage) secured on property (i.e. Residential, Commercial or Land) and the funds can be used for any purpose.
Bridging loans can take as little as 24 hours between application and delivery - this makes them the obvious choice in a range of time-critical situations such as contract winning, bankruptcy avoidance, loan repayment, rapid turnaround property investment and auction purchase.
For the borrower, the benefits of Bridging loans are many and varied
Considerably quicker and simpler to arrange than conventional residential mortgages.
Perfect for a wide range of personal and business financial situations, including cash flow emergencies and quick turnarounds when buying, renovating and re-selling properties for profit.
Bridging loans are highly suitable as a quick method of exchanging contracts, winning contract races and as a fast means of completion, particularly when purchasing at auction.
The loan will always be secured against a residential or commercial property, and a first charge will be taken against new or existing property.
PRODUCTS
- Loans Secured on 1st Charges on Property in England & Wales to private individuals and companies.
- Funds can typically be made available for drawdown within 5 days.
- Lend against open market value not purchase price - 100% funding possible.
- Market leading rates from 1.25% pcm.
- We calculate interest daily and do not charge exit fees.
- Loans for up to 9 months with no minimum loan term or early redemption charges.
- Self-declaration of income for employed and self employed individuals.
- No up-front processing fees.
- Total Clarity & Transparency.
- Flexible Loan Terms from £25,500 to £2m. Larger loans by discussion.
- Deal direct with the LOCAL Decision Makers.
- Testimonials available regarding our competitive fees.