Bridging Loans: Securing Finance when Time is Critical

Bridging Loans: Securing Finance when Time is Critical

Bridging loans are a specialist type of secured loan which can be particularly useful in time-critical situations. Secured loans in general can be quicker and easier to arrange than unsecured personal loans but the underwriting process can still be lengthy in the case of larger secured loans such as mortgages. Speed is one of the reasons why bridging loans have become the go-to finance product for both businesses and consumers in situations where turnaround time is of great importance. When time is critical there is perhaps no faster or convenient option available than bridging finance. You will need to have sufficient security to cover the loan amount but the application and underwriting processes are generally much simpler than those of other types of secured loans. Specific instances where bridging

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UK Bridging Finance And Its Uses In The UK

UK Bridging Finance And Its Uses In The UK

Traditionally bridging finance is best defined as a short-term lending, often over a period of between four weeks and eighteen months but this can extend longer with the consent of the lender and sufficient documented reason. This type  of lending is commonly referred to as a bridging loan in the United Kingdom, it is also called a caveat loan and swing loan in other countries that offer the same type of financing. While the headline interest rate on bridging finance can seem fairly high, compared to traditional loans, this does not give a fair reflection of the bridging loans value and popularity  and the uses in the property market sector. UK BRIDGING FINANCE FACTS Many reports into the UK bridging finance market show some very

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How Much Can I Borrow When Applying For A Bridging Loan?

How Much Can I Borrow When Applying For A Bridging Loan?

Bridging Lending – How Much Can I Borrow? Short-term finance such as bridging loans can be a very helpful form of short term quick finance for the right borrowers depending on your circumstances. They can solve time-sensitive property purchases such as properties bought at auction, unmortgageable properties or gaps in finance when up-sizing or downsizing. The amount you can borrow is dictated by your current situation and relies on multiple different factors. The main factors which will affect how much you can borrow are: 1. Your bridging lender! This is the key area where advisors like us make can make a difference. Our advisers have access to banks, private  lenders, non- bank lenders and specialist lenders not available to inquires by members of the public.

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