Secure the deal with a fast bridging finance loan ...
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Fast bridging finance loans from £10,000 - £3,000,000
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1 month - 36 months terms
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Market-leading rates
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100% LTV available (additional security required)
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Completions from 2-10 days (depending on information supplied)
Anyone who has ever sold and bought a property knows that the process doesn't always go smoothly.
Tight completion deadlines or a temporary cash shortfall often mean a deal can depend upon
finding flexible bridging finance in a hurry.
This is when a bridging loan can be used to 'bridge' the gap when you cannot complete the sale of one
property in time to pay for the purchase of another. This ensures you don't loose the property and all
the costs invested during the buying process.
Discounted property purchase secured with fast bridging finance...
A customer secured
the purchase of the last apartment in a new development at a discounted price
with the condition that the sale completed within 2 weeks. The customer contacted a
number of high street lenders who had agreed to the loan in principle but could only
lend based on the purchase price, not the value. Due to the timescale involved and
the fact that the customer had very little cash equity to help fund the purchase, the
customer had to find a lender who could lend the funds within the 2 weeks, as well as lend
against the property's value. We found a lender on our
panel who completed within 4 working days and was able to lend the
full purchase price due to our ability to lend against the value of the property, not just
the discounted purchase price.
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A new breed of bridging finance loan offering speed and
flexibility...
A new breed of bridging finance can now offer you much more flexible terms with security taken
out across a number of properties and property type. From residential, semi-commercial and commercial properties or
land to property that is fully or partially developed, in perfect condition or need of renovation.
The multiple benefits of bridging finance loans can mean the difference between success and failure in the
property game. Whether for personal or business use, acquiring property can be complex and risky. But the speed and
flexibility which good Bridging Loans provide, can make what is often an uncertain time much more predictable.
Finance of Spanish property completed in 48 hours...
Our client owned a UK property
worth £200,000 and urgently required £48,000 to complete the purchase of an
apartment in Spain.
Our lender valued the property and sent the client an illustration of the bridging finance
loan and an application form by email within an hour. The client completed and faxed back the
application form the same day and legal agreements were issued that evening. She saw her
solicitor the following morning, returned the documents to the lender who then sent the
funds by telegraphic transfer.
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Whatever your property needs we can find a bridging solution fast...
Fast bridging loans can provide access to funding with the minimum of fuss and can be applied
to many different circumstances. One of the most common is when people buy a new property
before their existing one is sold. Others include refurbishment of run down properties to be renovated in
a short space of time and the purchase of property at auction.
With certain specialist lenders now competing to offer the quickest completion times and most flexible products,
we can quickly secure the best finance for your needs allowing you to get on and complete the property deal.
Auction property purchase saved by a fast bridging finance loan...
Our customer purchased a
property from auction as a buy-to-let investment which had a completion deadline of
28 days. Although the customer's bank had agreed to finance the purchase, the client was not
confident in their ability to complete the loan before the deadline. The customer was
determined not to lose his deposit so made contact with us.
Our lender was able to complete the loan within 5 working days and the customer was
then able to re-mortgage with his bank to redeem the bridging loan.
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Top five questions about bridging finance loans...
If you have a question about bridging finance that is not answered here, please complete the enquiry form
on the contact us page.
- How much can I borrow?
Lenders will advance from 70%-100% of the property
value depending upon circumstances and from £50,000 to £2 Million.
- How quickly can I have the funds in my bank account?
Again depending upon your
circumstances, but funds can be paid within a few days.
- Are there any penalties for early repayment of the loan?
There are no
penalties for early settlement.
- What security is required?
Loans are secured against the property being
purchased but can be secured against additional property to increase the loan to value.
- Are there any additional fee's to pay?
Other than the normal mortgage costs
such as arrangement fee's etc, there are no fee's charged by us.
Contact us for free bridging finance advice without obligation...
We are a bridging finance loan specialist. If you've found it difficult to secure bridging finance to suit
your needs, have been turned down by your bank or had credit problems - complete the form below without cost
or obligation.
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100% LTV available
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Completions from 2-10 days
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Submit your priority bridging finance loan enquiry
here...
Please complete the form below and an adviser will contact you within 24 hours
without cost or obligation.Your details will only be used to contact you about your
finance enquiry and are protected by the Data Protection Act.
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