Bridging finance is the term used to describe interest only, short term funding (usually up to 12-18 months), secured on land or property.
The time it takes to complete is critical as bridging facilities are often required to resolve a temporary cash flow problem or to meet a strict deadline.
It is suitable for those buying property in auctions, funding the time between buying a new home and selling an old one, buying a property for renovation and a quick re-sale or any purpose where short-term cash flow assistance is required.
Bridging Loans are excellent for most all home owners.
Generally we provide bridging loans ranging from £25,000 to £5 million, although we do have access to funders who can accommodate larger requirements.
Bridging loans are secured against the available equity in property, and one facility can use single or multiple properties as security.
Benefits of bridging finance:-
- Bridging secured on commercial and residential property
- Open ended and fixed term bridging
- Borrow from £25,000 with no upper limit
- Competitive interest rates
- Interest can be rolled up for the term of the loan
- Quick decisions & monies can be advanced in days
- Finance available for people with adverse credit history
- No proof of income required.
- Bridging available from 1 month – up 24 months
- Bridging for employed and self employed
