Can Bridging Finance Help Me?
Bridging finance helps indiviuals get access to the finance they needed in a short period of time, this option requires little paper work, and is the quickest way to larges sums of money, The method due to the high risks involved is an expensive means of borrwing but the rewards often out way this factor.
Bridging lending criteria varies dramatically from lender to lender,rates start from 0.75% a month upwards, and the loan sizes can run into the millions all different property types are accept , BTL's, semi commercial properties, commercial properties and Land, with or without planning permisson
Bridigng loans help a range of people, from professional property developers to someone wanting to purchase a property asap,
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Bridging Finance
What is a Bridge loan
Bridging Finance or what some people call Short term funding, is probably a method of finance overlooked by many. A bridging loan can provide and individual or a business access to funds in a short space of time and often with minimal paperwork. Bridging finance is used for different reasons, e.g. Property development - buying properties to renovate and sell.
At Bridgingfinance.biz we have an experienced team on hand really to guide you through the application process. We deal many bridging loan lenders who all out different interest rates and products. For secured loans try creditlink.
Why a Bridging loan
Bridging Loans can only be arranged when there is an asset the loan can be secured against, this usually is a Buy to let or commercial property. A first or in some cases a second charge will be registered against the property an individual owes or seeks to purchase, In some case a bridging loans can be secured against both a property a clients owns and one he wishes to purchase. For example a property developer may wish to borrow more money that what to property is worth giving him a budget to carry out any renovations.
Short term finance
Short term finance is another description for bridging finance, its ideal for people who want to purchase a property at auction, Most auction houses in the UK require funds within 28 days. Bridging loans are much quicker to arrange than a residential mortgage ; on average 2 weeks is the turnaround time for short term finance to complete compared to 6-8 weeks for a mortgage
