“The purpose of your loan isn’t a problem. Whether it’s personal or business; the solution can be bridging”
Why use it
Why Use It?
Bridging could be the solution to your short-term financial woes. Whether its personal or business, get in touch to see how we can make your life easier.
You can avoid long finance application processes which most mainstream lenders have in place by opting for a bridging loan. If time is of the essence, this is an extremely effective option to pursue.nnnIt can be very difficult to obtain a traditional bank loan and it can be an arduous process which takes too long.
Bridging finance rips off red tape and reduces the time it takes to arrange the loan from months to under a week. Usual obstacles such as extensive credit checks are eliminated too which makes the entire process even more simple.
There are numerous reasons why you would take out a bridging loan. Therefore, it is important that we run a business which is versatile and flexible to each client circumstances. We ensure that your case is treated with the individual effort it warrants.
We will consider ALL cases.
Do you have your property secured? We can raise funds for you quickly while your current property is sold or refinanced.
If you are purchasing a new property while awaiting the sale of your current one u2013 you may want bridging finance to overcome obstacles in this double transaction.
We can lend against properties which require refurbishment before long term funding is available.
A bridging loan can be helpful at an auction when you need the funds in a particular timeframe.
Bridging finance is great if you are looking to expand your portfolio and avoid long traditional bank processes at the same time.
Do you have your property secured? We can raise funds for you quickly while your current property is sold or refinanced. nnTypical uses include: tax or VAT payments, temporary cash flow shortfalls, funding of stock or other business requirements. Professional advisors are now more frequently looking at bridging as a financial solution because its uses are so widely applicable, making it a useful tool. We fund multiple transactions in the release of immediate funds to probate beneficiaries as the property is sold in a normal manner whilst attracting the best possible price.
If you are purchasing a new property while awaiting the sale of your current one u2013 you may want bridging finance to overcome obstacles in this double transaction. nnIn order to bridge the gap so that you can go ahead and buy the property, you will need short term finance such as a bridging loan. You retain the power to continue with your acquisition regardless of your current propertyu2019s situation. If a buyer pulls out of purchasing your property at the last minute, it can leave your own commercial objective in jeopardy.
We can lend against properties which require refurbishment before long term funding is available.nnIn order to pay for immediate renovations, restorations or conversions you should consider a bridging loan. We have a number of clients with large portfolios of properties which need refurbishing in order to keep the ball rolling. nnWith additional security we are also able to extend funds towards the cost of the refurbishment works.
Quick Property Purchase
Speed up the process of purchasing your ideal property.nnShort term finance is growing to be a popular method of completing transactions rapidly. Investors choose Bridging Funding because we provide funds to clients within 7 working days, even sooner in some cases. Purchasers can be considered as ‘cash buyers’ due to the speed of completion and are regularly able to negotiate discounts in excess of our charges as they are able to act speedily and decisively.nnWe can offer full flexibility and loan terms of between 1 and 12 months. This means you can easily go ahead and take advantage of purchasing opportunities while long term funding is being arranged.
A bridging loan can be helpful at an auction when you need the funds in a particular timeframe. nnYou canu2019t win the lottery if you donu2019t have a ticket. Equally, thereu2019s no point going to a property auction without the finance in your pocket. A decision on a bridging loan for your auction property can be made within hours and the arrangement can be completed within days.u2028u2028 nnEven if you do not have enough equity to pay for the 10% deposit we can often quickly release these funds based on any other property that you have. If you need 100% of the purchase price then we can provide this and give you funds for renovation if you use another property as security.
Donu2019t miss a bargain buy, get the property you desire.nnIt is common, as a property investor, to fall short of the figure required to outright purchase a property. This need not be a hindrance because a bridging loan can help finance the rest, enabling you to just focus on arranging long term financing.
Bridging finance is great if you are looking to expand your portfolio and avoid long traditional bank processes at the same time. nnBanks have long, challenging systems in place given the heavy structure of their organisations. The application criteria is also stricter with additional restraints making it tougher for a successful outcome to be reached. You should think about obtaining bridging finance to fill a short-term gap in funding while a long-term financial plan is executed. This is suitable for both new landlords and those with extensive portfolios.
Pay off your current lenders and obtain a discountnnFor example: a bridging loan can assist in preventing a repossession of a property by allowing you to finance the debt. This is a win-win situation since the control of the property is restored and a forced sale is avoided.