The Pros and Cons of Bridging Loans
Bridging Loans are given to borrowers who have to gain short-term funds to bridge a financial gap. In most of the cases, the situation arises to be like a kind which involves purchase and sale of a particular property. Bridging Funding is a UK based company, and our motto is to give you an inclusive and warm experience. You will be astounded to know that we have convenient interest roll-up schemes and added security that makes us the best one in the market. If you talk to any of our professional, he will give you a clear picture of the pros and cons of bridging loans. With us, your application gets processed fast, and you can get the bridging loan quite fast.
- Quick to Arrange – If compared to other forms of loans, a bridging loan can be generated way faster. As it is unregulated, the lenders are swift in their action.
- Monthly Repayment – A ‘retained interest’ basis is applied on the bridging loan that adds the cost to the total loan amount. This is definitely more comfortable than an idea about ongoing cash flow.
- Range of Fees – Whilst judging the pros and cons of bridging loans, remember about broker fees or legal fees that are required.
- Unregulated Service – This is currently unregulated, and the protection of FCA is not given to the borrowers.