Posts Tagged property 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. The general public will not know about them, and because lenders are quite small, they don’t have customer service departments so aren’t set up to deal with direct approaches but rather specialist brokers like Platinum Global Bridging Finance. There are a lot of lenders out there offering bridging loans. There isn’t a universal financing appraisal or application system for getting offers on a bridging loan application – you have to approach each lender individually, give them the information their application process requires, and then wait to see if it suits their criteria. That will take time as an individual customer, a fair bit of time. And while you’re waiting for their answer you’re wasting time that can be spent on your day to day business activity. A good broker has all the criteria for all the different types of lenders across the market right there in front of them. They know who will consider your application and will take it right to them. The wrong lender won’t consider your application so favourably – they’ll offer