A bridging loan is a short-term loan which is secured against property or land. The finances are used to “bridge the gap” until a long-term financing solution is available, which could be anywhere between a day and a year.
We can provide fast and reliable assistance on first, second and third charge lending for property developers and business owners which will be tailored to your individual needs.
Bridging finance is ideal when a short-term loan is needed, and there is a clearly defined exit strategy for repaying the funds. This usually comes in the form of the remortgage or sale of the asset in question. We work with our clients to not only help them in the short term but also assist with the exit of the loan, we hold our clients’ hands throughout the process to make sure the whole experience is pain free and smooth.
What are the benefits of a Bridging Loan?
- Rates from 0.45 % per month
- All property types considered
- No income proof required
- Adverse Credit accepted
- Funds available for a variety of purposes
- No exit fees
- Fast competitions
When securing against a property or land, a bridging loan can be used for almost any purpose, including:
- Property Refurbishment
- Buying at auction
- Clear Debts
- Short Term Cash Flow
- Tax Liabilities
- Purchasing a Buy to Let property