Short term funding, or to use it’s well known term, bridging finance, is probably the most underused form of financing. A bridging loan can provide fast access to funding with the minimum of formalities. Bridging finance can be used in a number of different circumstances, e.g. refurbishment – buying dilapidated properties and then renovating and selling them in a short space of time. One of the most common usages is when people buy a new property before their present one is sold – a “bridge”

With bridging finance the loan will always be secured against residential or commercial property. A first or second charge will be taken against new or existing property, or a combination of both. Another great use for bridging finance is for people who purchase property at auction, where funds are required quickly. Bridging is much quicker to arrange than a normal residential mortgage; on average 3 – 5 working days from first enquiry to completion.

How we can help you

We can arrange bridging loans for:

• Individuals and Companies
• Clients with CCJ’s and arrears
• Discharged bankrupts
• Clients in IVA’s
• The self-employed (no accounts necessary)

Bridging loans are flexible and fast to arrange. The following are generally acceptable as security on a short term loan.

• Residential property
• Commercial and semi-commercial properties
• Auction properties
• Development sites
• Buy to let properties
• Retail shops
• Land with planning permission

To obtain a quotation simply click here. Alternatively ring 01462 815095 and one of our brokers will be delighted to discuss your situation. Our quotation service is free and without obligation.