Bridging Finance

Bridging Finance

Business owners and individuals are often looking for ways to solve their short-term financing requirements, and a bridging loan can address this need. The UK bridging finance sector has grown dramatically in size over the last few years, and is now worth an estimated £4bn. Traditional banks are increasingly being joined by a new wave of lenders willing to offer this type of financial arrangement.

Bridging loans have typically been used for purchasing property, refurbishment projects, or to assist with the construction of a commercial property, or where the purchaser may need to make stage payments as work progresses. Today, they are increasingly put in place to provide a boost to operating capital, or create valuable breathing-space to put longer-term funding in place.

Bridging loans are usually offered for terms from one month to two years, and are typically in the form of a short-term mortgage secured against a residential or commercial property or land, on a 1st or 2nd charge basis. To secure bridging finance, a clear and viable exit plan is required, and we can help you put this in place.

Borrowers usually need to get access to bridging finance as speedily as possible, and it can be daunting and time-consuming to find the right loan without professional help. We provide a responsive service that offers practical and informed advice when it’s needed most. Our market insight, and understanding of the criteria that lenders apply, helps enable us to source the right deal for your business needs.

As a mortgage is secured against your home or property, it could be repossessed if you do not keep up the mortgage repayments or any other debt secured on it

We are a Credit Broker not a Lender

The Financial Conduct Authority does not regulate some forms of Bridging Finance

Reference

https://techround.co.uk/finance/2016/28/11/bridging-finance-industry-grows-4-billion-2016/

Contact Us:

Tel: 01765 692331   Email: info@propertylinkhomes.com

10-10A North Street, Ripon, North Yorkshire, HG4 1JY