What Is A Bridging loan From A Financial Broker in London Used For?
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A bridging loan is a useful thing, and if you do find yourself in a position to need one, a financial broker in London should be your first port of call. After all, brokers know the industry well, and can source exclusive deals on bridging loans and much more. But what would you actually need a bridging loan from a financial broker London for in the first place?
As the name suggests, a bridging loan is there to ‘bridge the gap’ when money is required but the means of getting that money is taking longer than expected, or there is some kind of legal holdup. A bridging loan can be used for property investments or a home improvement. The money can be borrowed using a bridging loan, and then the loan can be paid back quickly once the original money is paid. It’s a simple, effective way to ensure that your plans don’t have to be put on hold.
Bridging Loan Rates
Our bridging loan rates start from:0.65% pcm up to 60% ltv (1st Charge)
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)