New Finance Product Makes For An Interesting Development, Says BFS Consultant Jeanette Gwatkin
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Bridging Finance Solutions lenders who specialise in providing fast, reliable finance to residential clients and investors, emphasising speed and flexibility.
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Every successful bridging lender needs to identify their key market and focus on the customers which matter most to them. Bridging Finance Solutions works hard to provide the sort of finance that homeowners, businesses and investors alike find invaluable, by arranging loans that meet their needs. For many borrowers, a bridging loan is a quick and effective way of achieving short-term expansion, and this form of finance is commonly used to purchase homes at auction. In addition, the loans which Bridging Finance Solutions provide are specifically designed for homeowners who want to break free from the property chain and allow them to purchase their ideal home without coming under pressure to sell their existing property.
Bridging Finance Solutions are able to meet the needs of their customers by discarding the traditional “checkbox” model, and instead favouring a more modern flexible approach. This allows them to produce terms and payment plans that suit each individual client, creating loans which are individually tailored to meet different needs. By combining such bespoke service with reliability and speed, Bridging Finance Solutions provide home and business owners alike with the powerful financial tools they need to take advantage of opportunities as they become available.
Your key contacts at Bridging Finance Solutions
Bridging Finance Solutions
The Cottages
86-88 Wallasey Road
Wallasey
Wirral
CH44 2AE
+44 151 639 7554
bridgingfinance-solutions.co.uk
A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Bridging loans can be used for a wide variety of purposes. Perhaps the most common purpose is to allow you to buy a new home or business premises before you have sold your existing property. They can also be used by investors to buy property at auction, landlords to acquire buy-to-lets, developers to acquire and renovate properties and businesses to raise working capital. There are a myriad of different uses and Bridging.com can help to find the best loan for you.
Loans generally range from £10,000 to £50M with smaller or larger amounts provided on an exceptional basis. The value and equity within the property or properties you are securing against will determine how much you can borrow. The maximum loan to value (LTV) currently offered by most lenders ranges between 65-80%
In general most bridging loans will fall between 0.5% and 1.5% per month although occasionally they can be either slightly cheaper or slightly more expensive. Each loan is priced on risk with particular attention paid to the property, its location and the strength of your exit strategy.
Bridging.com can help you secure a bridging loan tailored to your own unique circumstances in a matter of days. We can guide you through the entire process from initial enquiry to funds being released in the shortest possible timeframe.