We have access to lenders that can secure your funds within potentially 48 hours – subject to us receiving the required information and documentation from our clients to be able to process this type of application. Traditional bridging finance usually completes within a 10-14 day period.
A bridging loan is a short term loan facility secured against a residential or commercial property.
A bridging loan works by securing your required loan against the value of a residential or commercial property. The property acts as security for the lender until the loan is repaid usually via the sale of the property or refinance of the bridging loan.
The process is very simple speak with us to discuss your requirements to establish there is a lender suitable for you and then we proceed with an application. Upon a successful application we move forward to security valuation and the legal process before completing your loan. Do not hesitate to get in touch and find out how we can help today.
We will do everything we can to offer you an alternative funder to repay/refinance your current facility. We understand that situations can occur that prevent the original exit strategy and lenders do to. Get in touch now to discuss how we can help.
The rates differ subject to the loan to value (LTV) of the bridging loan and whether it is 1st , 2nd or even a 3rd charge on the property the best thing to do is speak to us about your bridging finance request and we can explain what is currently available to suit your needs.