What is Bridging?
Bridging is basically short term property funding. It is a fast-track way to access funding with the smallest possible level of red tape.
The ‘bridging loan’ can be used for any purpose, whether for buying a residential or commercial property or even land. Alternatively it can be used as a
means of quickly releasing cash from an existing property that you own, and used for any purpose.
In terms of security, the loan is secured against a property on either a first or second charge basis, or even a combination of the two.
Bridging usually takes 7-10 days from the start of the process to you receiving the funds. The loan can be for a period of up to a year. FAQs
How much can I borrow?
£20K to £100 Million.
How soon can I have the money?
As quick as 48 hours, but normally 7-10 days.
What are your interest rates?
Between 1 & 2% per month
How is the money secured?
Either first or second charge over a property or a combination of the two.
I already have a mortgage, can I borrow more without repaying my original mortgage?
We can arrange to fund the difference between the existing mortgage sum and 80% of the value of the property.
What types of property do you bridge on?
Residential and commercial property, as well as land. |
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Residential and Commercial Funding for YOU!