Bridging Finance Solutions London
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As with any form of money borrowing, it is essential that you look at the pros and cons of bridging finance solutions to ensure that it is exactly what you want and need, and that it will benefit you and suit your requirements. There are many benefits associated with bridging loans; read on to find out more.
One of the biggest benefits with bridging finance solutions is that it is a quick process; rather that having to wait weeks for your money (let alone your application to be processed), money from a bridging loan is usually lent within days instead. Therefore, it is the ideal way to finance a project that needs immediate cash injected into it.
A Bridge Loan Can Be Used For A Range Of Needs in UK
When you borrow through a traditional lender, you will be asked what the loan is intended for, and there are some strict requirements about what the money can be spent on. This is not the case with a bridging loan – it can be used for a wide range of reasons and you won’t be asked to explain why you need the money.
A bank loan will have specific repayment criteria – it will need to be paid back on a certain day in the month, and within a certain time frame. The amount you pay will often be fixed too. A bridging loan can be a lot more flexible. As long as the money is paid back by the correct date, how it is done is usually down to you.
Relaxed Lending Criteria
Because most bridging loans are secured against a valuable asset such as a property, the criteria for borrowing are relaxed. Credit scores and proof of income are not important because the collateral will be seen as being enough. Low Interest Rates Bridging finance solutions are usually much more affordable than a standard loan or mortgage since the interest rates are often lower. Even if they aren’t, because of the short duration of the loan, you still don’t have to deal with large fees and costs.
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.
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Bridging Finance Solutions
BridgingFinance4U is one of the UK’s leading bridging finance solutions provider that has partnered with a number of lenders in the finance sector. We offer funds for both commercial and personal use against any type of property. Whether you are looking to purchase a new property, need short-term capital for business or funds to restore old property, we help you get funds as much as you want for a variety of purposes.
Bridging loans are increasingly becoming popular for their fast turnaround times and flexible criteria. Sometimes, short-term funds are required to fill the void between a debt being due and finance being available. Our team has years of experience in offering the capital bridging finance solutions by working closely with lenders across the country. Our staff understand the importance of arranging quick funds and helping you get the required bridging financial solutions at the lowest possible rates.
Get Funds Up to £25 Million
Having over 8 years presence in the finance industry, we have developed close relationships with a number of lenders and funding partners, which enable us to provide short-term bridging finance for an array of needs. Whether you need £25,000 or £50 million, we can help you find the best financial solutions for your requirements. We have helped a number of businesses and property investors to secure complex deals, and we promise to show the same level of commitment to help you accomplish your business objectives.
Get Up to 100% of Purchase Value
We offer bridging loans up to 100% of the purchase price for the short-term where no money deposit is needed. Our team of finance experts is happy to provide tailored and flexible lending solutions that will help you get how much you need against whatever type of security you have. This is normally subject to at least a 20% discount off the open market value.
Competitive Interest Rate
Bridging loans should be used as a short-term borrowing solution. Here at BridgingFinance4U, we compare lending rates from different lenders and help you choose the most suitable finance solution. That being said, we help you reduce the impact of extravagant interest rates by allowing you to have them rolled up or added on to a new mortgage. If you require any guidance or have questions about how to handle your situation the best, get in touch with our experts today and we will talk through all the available options, and make sure the funds are made available to you as soon as possible.