Who are Bridging Loans Good For?
There are many types of situation where finance is required fast. Sometimes you can lose out on a property, or be unable to refurbish your home because you just haven’t got the cash, or you’re waiting for a longer-term financial solution and it just isn’t quite ready. This can be frustrating, but bridging loans can make the difference and ensure you don’t miss out.
Property Developers – One of the most popular reasons for a bridging loan application is from those individuals who are trying to purchase a property in a short period of time. For property developers and those buying at auction this can be the crucial missing piece of the jigsaw to get a deal signed and sealed, whilst the paperwork for the mortgage is going through.
Prospective Buy-To-Let Landlords – If you already own a property you might be thinking about refurbishing it with a view to selling it on, or leasing it out to tenants. In many cases a bridging loan can provide the finances to do so.
Business Owners – Sometimes there will be bills to pay urgently and wages to pay on time, even though your cashflow isn’t quite there at the moment. A bridging loan can ease the worries for the short-term until your customers pay their bills.
First4Commercial are experts in the field of bridging loans. We understand why you need financial assistance and can help you achieve your goals with short-term help to bridge that gap. Contact our team to find out more information about how we can help.