Is it a good idea to repay bridging finance with another bridging loan?
Taking a bridging loan is one of the most popular financing options available for owners of land and property in the UK. Bridging Funding offers a vast array of bridging finance plans with flexible terms for both UK and overseas residents and business organisations. The options provided by us can help you move into a new property immediately, acquire properties in auctions, and get instantaneous financial relief.
If you are an individual or a business who has taken a bridge loan but need means to repay it, taking a similar loan is a realistic loan. This is a common query from many of our prospective borrowers. We are confident that our short term loan options can give you the breathing space to pay off your existing bridge loan. Take a look below at the reasons why.
Why you can easily repay a bridging loan with bridging finance?
- No restrictions for fund use – We offer bridge loan funding to our borrowers with absolutely no restrictions. It means that you can utilise the approved funds for any financial requirements, including payment of your previous bridge finance.
- Easy to get a loan – Gaining a bridging loan from us is one of the fastest and most convenient processes. If you are fast approaching a deadline to pay off your existing bridging finance loan, we can approve funds within a week. All we require from you is the guarantee that you possess a valid form of security (any property type or land with planning).