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Bridging finance
Bridging finance is a method of short term borrowing for property or home owners. Initially it worked for people that had sold their house, but hadn't found a new property to move too. The proceeds from the loan where used to cover any rental fee that was incurred whilst staying in the house after the exchange of contracts and move date.
Nowadays, bridging loans can used for a multitude of purposes. These range from paying for one of your children's weddings, to buying a second a second property, as examples.
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UK bridging loans
Any property owner in the UK can apply and obtain a bridging loan. There are no credit checks undertaken as all bridging finance is secured against a property of some sort. This means that even people with a very bad credit history can apply and be accepted.
Unlike bank and secured loans, bridging loans are short term. This means that you are not locked into long term agreements, like normal loans, which usually have an early repayment penalty too. You could borrow on the first of the month with us, and pay back on the thirty first with no early repayment charges. All you are charged is one month's interest. Bridging finance can be cleared immediately or within twelve months, which ever is most convenient for you.
Our partnership with EasyBridgingLoans means quick decision and fast payout on all bridging loans and bridging finance.
Bridging loans
Terms of bridging loans. All loans are secured against a house, home or property. There is no fixed term time. Our flexible bridging loans enable you to clear the loan, with no early repayment penalties anywhere between one and twelve months. You only pay interest charges until you clear the full amount, meaning you owe more than you have borrowed. Second and third charge enquiries are welcomed. Failure to make your payments can result in repossession of the property used to secured
your bridging loan. Minimum bridging loan advance is £27,000.00 and maximum is £3,000,000.00.
Fast loans
Contact us today by our online enquiry form and have you advance despatched immediately. Fast loans are our speciality and all bad credit enquiries are welcomed, so call today or use our online enquiry form. We will work tirelessly on your behalf to secure you the short term bridging finance you require.
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