Bridging Finance is fast, short-term, secured finance for any legal purpose. If there is a residential or commercial property that is not already fully mortgaged, we will probably be able secure bridging finance quickly, using the property as security. Rates from as little as 0.45% per month.
In order to secure a bridging loan, you will need what is called an “exit route”. This is a way of paying back the short-term loan, i.e. sale of a property currently on the market etc. As long as it makes sense why you require funds and how you can repay these then we can normally help with most scenarios.
Bridging loans can be used for any legal purpose, the most usual requests are to:
The main difference between regular loans and a bridging loan is the time it takes to organise. Regular lenders often take months to complete a deal.
Bridging finance can be non-status or full status, first, second (and in some cases third) charge on a property or properties.
Contact us to discuss your requirements.