About the Business
Bridging Loans are generally considered a short term finance solution, traditionally used to bridge the gap between sale proceeds clearing and the purchase of a new property but now offer a short term solution in a number of situations including renovation/re-development, lease extension, funding a new business venture and divorce settlements amongst other situations.
The main difference between bridging loans and general loans is that there are no regular repayments to be made. A bridging loan is a short term secured loan where the funds and any interest charged are repaid in full at the end of the term.
You will be required to have an ‘exit strategy’ in place where you can demonstrate how you intend to clear the repayment amount at the end of the term. Given the short term nature of a bridging loan, interest rates are higher than mainstream lending.
A specialist bridging loan company such as bridgingloans.co.uk, have, due to the volume we process, special relationships with all of the key lenders and know the requirements needed to ensure a quick and smooth transaction. We also use our own funds for certain lending, which helps us to move even quicker if required. Processing time is however normally 3 – 5 working days.
Business Services
Bridging Loan Types
Our criteria on bridging loans depends on which fund or lender we use. This means it is not possible to give accurate rates and costs without speaking with you directly, however we can give you a guideline that will help you understand what is available within the market.
Location & Hours
2 Nursery Court, Unit 2C, Kibworth Business Park, Harborough Road,Kibworth Harcourt
Countes thorpe, LE8 0EX
Write a Review
-
Email Address
-
Office
UK Property Finance
-
Get Directions
2 Nursery Court, Unit 2C, Kibworth Business Park, Harborough Road,Kibworth Harcourt, Countes thorpe, LE8 0EX
-
Phone
