Bridging loans are short term finance facilities, typically ranging from 1 month up to 1 year, that are secured against the value of property.
Bridging the gap to your opportunities
Bridging loans are short term finance facilities, typically ranging from 1 month up to 1 year, that are secured against the value of property. The property used as security can be houses, flats, bungalows, shops, industrial units, care homes, fitness centres, farmland, land with or without planning permission, etc.
The bridge finance is used to “bridge the gap” in your finances until either a long-term financing solution can be out in place or alternative funds are received from another source such as a sale of a property.
What can a Bridging Loan be used for?
A bridging loan can be used for some the following but not limited to:
- To purchase a property or refinance quickly
- To purchase a property at auction
- To purchase a property that is potentially un-mortgageable
- To purchase a property before your current property has sold in order to not break the chain
- To fund a property refurbishment
- And many more!
If you’re looking for a bridging loan, don’t hesitate to get in touch with us today. Our experienced team are here to help you and aim to find you the financial solution that you’re looking for.
“Michael has been so helpful, patient and went above and beyond to help me with a tricky property purchase which has now seen a successful outcome. Michael is thorough and extremely knowledgeable and I can highly recommend his services. I’m almost looking forward to reviewing my mortgage in 2 years time knowing that Michael will be there to assist me!”