Open Bridging Loans
Bridging loans are relevant options to get rid of financial woes and make ambitious investments for the future. At Bridging Funding, we offer a great variety of loans including open bridging loans for our borrowers. It is one of the most widely preferred bridge loan types in the UK. We offer flexible terms on open loans based on the requirements of each of our clients. If you are uncertain regarding when you will receive funds from a property sale, this can be an ideal option for you. It can give you a great extent of financial freedom.
If you are expecting a source of substantial finance to be available, an open bridge loan can get you through your financial requirements until that time. Property owners who are looking forward to selling their existing property but want to move into a new property immediately should opt for open bridge finance options. You can repay the loan taken from us after the sale of your property is done. Our loans are available for a period ranging from 1 to 12 months, with some of the best interest rates available in the market.
Why You Should Opt for an Open Bridging Loan
- You do not need to give us a fixed date of repayment prior to taking the loan.
- This type of loan is also ideal if you have equity in a property that is yet to be sold.
- We offer loans with suitable interest roll-up schemes, with no restrictions on the use of funds.