Short-Term Funding and Bridging
If you have an unexpected expense you need to pay off quickly, a short-term bridging loan can help cover costs you can’t afford to pay from your savings.
A bridging loan may be the best option in some circumstances. For example, perhaps you can’t purchase a new property until your existing property has been sold successfully. If the timescales don’t align or you need the extra funding sooner, you could get the money through bridging.
At Bluechip Financial, we have over a decade of experience in sourcing the best rates on bridging loans. We will assess your situation and identify whether a short-term bridging loan is right for your circumstances, and if so, will use our extensive market connections to negotiate the most favourable rates for you.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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Why take out a bridging loan?
A short-term bridging loan can be the support you need to make a purchase within a short timescale. It can also help you spread out the cost of a purchase over several months or years, making it less of an immediate dent in your finances.
Bridging loans can be useful in a variety of circumstances:
- Purchasing a property at auction
- Property renovation or development
- Temporary cash flow problems
- Land acquisition
Why use a broker to take out a bridging loan?
When you speak to a broker about getting a bridging loan, you’ll receive professional advice on whether it is your best course of action for your circumstances. They will explain all the pros and cons of taking out a short-term loan, so you’ll have peace of mind that this is the right option for you. They will also search through the available policies to minimise the cost to you.
At Bluechip Financial, our panel of experts are committed to ensuring you fully understand all the procedures and terms involved in taking out a bridging loan. If you decide to go ahead, we’re proud to say we have a proven track record in arranging rapid loans at the most competitive rates, both for commercial and residential markets. If you wish, we can also review your protection cover to ensure you’ve got the right insurance policy for any eventuality.