Bridging Loans | Bridging Finance
Bridging Finance is commonly used for the following reasons:
Purchasing property at auction
Property refurbishment or conversion
Chain-breaking mortgage
Purchasing property where the surveyor recommends a retention
To help homeowners who have been or are about to be repossessed
To stop bankruptcy
When funds are required within days rather than weeks
Apply For A Bridging Loan
With our varied panel of Bridging Finance Lenders
we can arrange competitive quotes for our clients and offer a wide range
of products to suit all lending requirements. Bridging Finance couldn’t
be easier; all you need to do is fill in the simple application form
online or you can call Advanced Finance direct and speak to an experienced
underwriter who can deal with your request directly, then advanced finance
will do the rest for you. We will keep you updated with any progress
on the case all the way through to completion to give you maximum piece
of mind that we are doing all we can to get you the best bridging loan
possible. Typically, bridging loans start at around
the twenty seven thousand pound mark, up to and sometimes exceeding
six and half million. Property considered for security includes residential
property like terraced houses, semi detached, detached and apartments,
plus houses that are rented out to tenants, commercial properties like
retails outlets and office buildings, industrial units like farms and
factories and in some cases lenders will also consider foreign or off
shore holiday homes or investment properties as a guarantee for your
secured loan.
Bridging Finance Loans
Use our enquiry form to have your application sent to a minimum of
ten direct lenders to see who offers what. Simply fill it out and we
make initial contact for you at no cost to yourself. There are two main
types of bridging loan available to a borrower and these consist of
open bridging loans and closed bridging loans. An open bridging
loan is a loan for those who are waiting for the completion of a property
sale whereas closed bridging loans are loans which are specifically
aimed at those who have already exchanged their contracts but are experiencing
some form difficulty in terms of actually moving. A bridging loan
will typically be taken out over a period of time ranging from a minimum
of one year to two or three years maximum and the applicant can choose
to either borrow and pay back the whole amount or opt for interest only
repayments. Also, because bridging loans are only intended
for the short term the interest rates are normally very competitive
and they are much more easily approved than other loan types such as
long term mortgages or unsecured loans.
Bridging Loan Information
Finding a good deal on a bridging loan can be hard work for a lot of
people because there are so many lenders offering such a wide variation
in interest rates and repayment options and this is where we can help
you save both time and money. Our friendly advisors are experts when
it comes to bridging loans and they can find you the right deal for
your particular circumstances in a surprisingly short amount of time.
All it takes is a quick phone call and you could be well on your way
to getting the best bridging loans deal in less than
twenty-four hours.If you already have a bridge in place and are looking
to extend the term, or are looking to renew your existing bridge, then
there are many plans in the market where we can help you fast track
your application through with very little up front cost at all. If you
need a product where you do not want us to do a credit search due to
you having adverse credit, or you do not have and proof of income, then
advise us of your circumstances and we will be able to look at the right
lenders that can help you based on your individual needs and preferences.
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