bridging finance
We can also arrange short term financial solutions in the form of bridging loans which can provide invaluable help in cases of temporary cash shortfall or for any of the following reasons:
- To enable you to purchase an additional property even if your current property has not yet sold.
- For refurbishment - buying run down properties to renovate and then sell on again in a short space of time
- For a swift means of exchanging contracts, winning contract races and a fast means of completion which is very useful when purchasing at auctions.
- For development – bridging finance can provide stage payments throughout your development.
- To purchase residential property at undervalue - lending against the current market value to a maximum of 85%
The loan will be secured against a residential or commercial property or a plot of land, and a first or second charge will be taken against new or existing property.
Bridging loans are much quicker and simpler to arrange than a normal residential mortgage and we aim to arrange the funds within 10 working days.
