What is

bridging loan?

Are you facing problems financing your project? Are you finding it difficult to find a reliable and steady financial source to secure your financial situation and keep your projects going? Then don’t worry you have come to the right place.We will make your problems go away and help you finance your projects through our user friendly, steady and secure bridging loan services. Bridging loans started in the early 1960’s but couldn’t get enough recognition and only a handful of lenders were providing bridging loan services in the UK as “caveat loan” or “swing loan”. After the 2008-2009 global recession it made strides and became increasingly popular in the UK with gross lending doubling from 0.8 billion to 2.2 billion pounds in march 2011 to June 2014. The same period when mainstream mortgage lending declined when banks and building societies showed in home loan grants gave rise to bridging loans.

How can

we help you?

We will provide you with a list of all the lenders in the UK with all necessary details: evaluation fee, legal fee, legal contract, loan arranging fees and credit card, how much interest rate they charge, what is the duration of open and closed bridging loans and how much loan you can borrow on your property. You can analyse all these lenders and depending upon your financial situation decide on your own from which lender you should borrow. Our customers are first and foremost priority. We will save you a lot of time, effort and money. Our customer support service is working round the clock and keeps you entertained.

What could you

Do with bridging loans?

  • Development project tenders can be secured with bridging loans
  • With bridging loans, you can buy new property while existing one is one is on sale
  • To keep business running smoothly when one partner is moving out
  • You can secure buy-to-let mortgage deal with bridging loans
  • Quick cash to finance other financial needs
  • With bridging loans, you can move your house close to your family
We provide you

bridging loans services

Open Bridging Loans:

  • Such loans have no set end date
  • You can pay us when funds are available to you
  • Such loans usually take one year or even more
  • A bit expensive
  • Flexible in nature
  • No penalties over the repayment within the given timeframe
  • Risky to carry
  • High interest rates

Close bridging loans:

  • Such loans have no set end date
  • You can pay us when funds are available to you
  • Such loans usually take one year or even more
  • A bit expensive
  • Flexible in nature
  • No penalties over the repayment within the given timeframe
  • Risky to carry
  • High interest rates
How Bridging loans

Are regulated?

  • Bridging loans are regulated under Financial Conduct Authority (FCA), UK
  • Bridging loans are taken over an existing property or being purchased
  • Bridging loans are secured using first charge mortgages
  • Lender has the right over your property and gets paid first after property sale
  • You can’t receive a bridging loan over a strong credit rating and income proof
  • Terms and conditions vary and can be negotiable between borrower and lender
  • A bridging loan of 75% to 80% of the value of the property to be purchased can be secured
  • Borrowing costs and interest are paid in lump sum amounts
Requirements

For Bridging loans

  • You must be a UK resident.
  • You must have partnership or limited company.
  • A proof that you are purchasing a property or land.
  • A proof you are renovating your property.
  • You must be at least 18 years old but age may vary depending upon the lender.
  • Terms and conditions vary and can be negotiable between borrower and lender.
  • Must have registered address and registered active phone number.
  • You must have an active bank account.
  • A proof that you own a property and it can be sold.
  • A well-defined exit route.
  • You can borrow at least 10,000 pounds.
  • Employed
  • Individual with bad credit can’t be entertained with bridging loans service.
  • Retired

Pros of bridging loans

  • Bridging loans are quite fast in terms of
  • Monthly interest rate payments could be deferred
  • Flexible in nature
  • A bit expensive
  • Flexible in nature
  • Bridging loans can be utilized virtually for any legal use
  • Accessible as compared to traditional mortgage or bank loans
  • Can be easily arranged over short period of time
  • You can earn high profit margin while lending money for bridging loans
  • Safe and sound source of investment for lender a

Cons of bridging loans

  • Comparatively have high interest rates
  • Requires sufficient equity that guarantees the loan can be paid off
  • Loan arranging fees
  • Property evaluation fees
  • Legal fees