It's not unusual to have the need for a short-term lending product and this is usually the case when the required capital isn't available in the timeframe that you need it to be. Rather than face the disappointment of not going ahead a bridging loan can provide you with a temporary inflow of capital so you can complete your transaction. Whilst they are expensive it can be the right solution for you are that time. For example, maybe the purchase of a new property depends on the successful sale of an existing property. If the timescales don't align or you're looking to remortgage and need the extra funding sooner then the lender can provide it then abridging.
We are experts at assessing your current situation and whether a short-term bridging product is, in fact, appropriate for your circumstances and needs. We are also committed to ensuring that you fully understand all the procedures and terms related to bridging loan. After all, the cost of servicing a bridging loan can be high and we will always work with you to establish if this is the most desirable and available option. If it is, we're proud to say we have a proven track record in arranging a quick loan at the most competitive rates for both commercial and residential markets that are tailored to meet your individual situation.
Other scenarios in which you might need to consider a bridging loan:
- Purchasing properties at auction
- Temporary cash flow problems
- Property Development
- Renovation of property
- Land acquisition
- Divorce settlement
If you wish, we can also review your protection cover to ensure you've got the right insurance policy for any eventuality.
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