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A bridging loan is a loan made over a short term to "bridge" a period of time when extra cash is required before other funds become available.
For instance, you may need to purchase a new property before your current property is sold. Bridging finance is provided enabling you to purchase the new property and, once your old property is sold, the loan can be repaid. This also applies to business customers - your business may need funds to complete a project repayable once the project is completed or sold. Whatever the reason your business needs a short-term loan we can help Decisions for bridging loans are usually needed quickly. Using our online enquiry form, or calling us on our freephone number, you can get a decision in minutes. We have a flexible approach to all bridging loan applications. We can have your documents for completion with you in days, not weeks, and the money is available quickly.
We can provide bridging loans in the following circumstances:
- CCJ's and Arrears
- Discharged Bankrupts
- Individuals and Companies
- IVA's
- Self-Employed (no accounts necessary)
What security do we need for a bridging loan? Some of the acceptable securities are listed below:
- Auction Properties
- Buy to Let Properties
- Commercial & Semi-Commercial Properties
- Development Sites
- Land with planning permission
- Residential Properties
- Retail Shops
This is not an exhaustive list and if your circumstances differ from the norm, don't worry, we will have a bridging loan plan to suit you. Just get in touch with us.
It costs you nothing to give us a call or make an online enquiry
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