What is Property Bridging Finance
Property bridging finance is a debt form that allows borrowers to make payments on their debts in the same way they would pay off their mortgage. In many cases, this can be done without the need for additional funds to cover the interest payments.
How does bridging finance work?
When it comes to bridging finance, what you're doing is taking a short-term loan from a bank and then paying the loan back with money from your business. This allows you to take advantage of lower interest rates on your business's loans.
How much does bridging finance cost?
One of the most common questions first-time buyers ask is how much it will cost to buy a home. The answer can be complicated, but fortunately there are affordable ways for you to get a down payment together.
How To Apply for Bridging Finance
To apply for bridging finance, you can go to the online enquiry form, please make sure that you all necessary documents with your application, and they may ask you some questions over the phone before approving your application.
Bridging Finance - How long?
The average transaction time for a bridging loan is about 30 days. However, it can be as short as 15 days or as long as 90 days. Your lender will make their decision based on your credit score and the amount of money you have available to close.
Get in touch with our highly experienced bridging finance team today to discuss your bridging finance requirements, covering all of the UK.
Bridging Rates - Bridging Finance rates available from 0.4% per month.
