How Much Will Bridging Loan Lenders Be Able to Offer?
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A bridge loan lender can help you raise short-term finances for projects or to buy a new house whilst you wait for a conventional loan to come through. As with any kind of loan, you will need to give your bridge loan lender plenty of information about yourself and your finances to ensure that they can get you the best kind of deal. Borrowing money is often down to a combination of credit history, and how much you are able to afford to pay each month. This is why each bridging loan application is going to be different to the next, and why a bridge loan lender will need to do a number of different calculations and speak to different financial institutions before agreeing to giving you any money.
The best way to find out how much you can borrow is to speak to an expert bridge loan lender who will be able to guide you through the process and explain to you exactly how things will work and what will be expected of you.
Residential & Commercial Bridging
Bridging Finance 4U are master brokers and packagers for all the leading bridging lenders and private funders in the UK.
Who We Are and What We Do
Bridging Finance in London, UK is usually used as an interim financing measure until permanent or ‘next stage’ financing is obtained. For example, the sale of an existing residential property may take longer than the required purchase deadline of a new property, bridging finance could therefore be used to bridge the period of time until your existing property is sold, at which point you may have the funds to pay off the bridging loan in full with the property sale proceeds or to use as a deposit to complete on a standard mortgage.
We can also offer finance for both Republic of Ireland and Northern Ireland. In some cases finance can be also obtained for prime locations in Europe for UK nationals whether living in the UK or overseas as an expat.
Why Choose Us?
Standard terms vary from lender to lender, but in general bridging finance is usually available for a period of between 1 and 24 months. It is sometimes possible to agree an extension beyond 24 months in some circumstances, but generally speaking bridging loans are meant as a short term financing measure, lasting months not a few years.
Instead of going to every lender on the market, just come to us, we do all the hard work for you. We have relationships with all the major lenders and private funders and speak directly to decision makers. Funds can be normally released between 3 and 10 days subject to legals.
We can usually obtain terms immediately and formal offers subject to valuation within 2 hours. If you are looking for speed and service then you have found the right company. Rates from 0.65% pcm but see our rates page for more info. We can also now lend on the value of Freeholds.
(Tailors property services)