Bridging finance is short term finance available usually for a period between 1 day and 12 months but longer terms can be negotiated . At BridgingLoansBrokers we can arrange finance from £25 000 to £500 million. Our brokers understand that clients require funds to be available at short notice. Because we are a group of specialist not restricted to any lender or panel of lenders, we can arrange funds on time and offer best rates in industry. In most cases with our help funds are available within a few days. Bridging finance might be used for various short term finance solution such as:
We can offer fast and cheap closed bridging loans and open ended bridging finance. Open bridging loans are ideal for customers who have still not found an owner for their old property but they’ve chosen a new property to move into. An open loan will help with a cash inflow until the client can sell the old property. Closed bridging loans on the other hand are ideal for customers who have everything set up – selected a new property, and have already inked a sale contract for their old one. Closed bridging loans rates are lower and finance can be released nearly immediately.
Your property may be repossessed if you do not keep up repayments on a mortgage or any other debts secured on it.