Short Term Finance
What are BRIDGING LOANS?
Bridging loans are a short-term funding option used in property transactions as a method of ‘bridging’ the gap between whether you are buying at auction or purchasing a property that is not habitable.. Alternatively, a bridging loan can also act as a method of raising short-term finance when the money is needed urgently.
The short-term nature of bridging loans does tend to make them more expensive than other sources of finance, but they can be invaluable when trying to go ahead with a property purchase that otherwise might not be possible.
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Bridging loans are commonly used to complete the purchase of a new property before the sale of the old home has gone through, buy at auction or a purchase a property mortgage lenders deem un-mortgageable. To find the best rates on a bridging loan, it is highly advisable that you seek expert bridging loan advice from a bridging finance broker who can access a variety of lenders .
Once you find a competitively priced bridging loan, establish the exit from the loan. Bridging loans are typically secured against equity in the property.
As well as providing a stop-gap for homeowners, bridging loans can also be used to pay the deposit on a property bought at auction, or help property investors who are planning to sell a property after completing renovations.
There are a wide range of bridging lenders that all have individual products and criteria ,By using our knowledge of the industry We can help you find the right lender for your need.
We work with a leading network of bridging loans advisors who know the market inside out. They know which lenders to avoid, and which can offer the most competitive deal on a bridging loan deal to match your particular circumstances.
Please complete out enquiry form and a specialist bridging loan advisor will be in touch to provide you with a free, no-obligation initial consultation.
