
Bridging Loan Interest Rates & Costs Guide in 2022
A bridging loan is a short term asset-based finance that provides you instant cash flow. Before getting a loan keep in mind that the bridging
Our bridging finance is suitable for a seriously wide range of purposes.
If you are looking for quick and affordable finance to complete the purchase of a property, the short term can help you in doing that. We are providing the best bridging rates and terms. You can get a loan offer within 90 minutes of your application. Then, after approval, you can get funds in your bank account, usually within 7 days.
Short term works with the top bridge loan companies and provides a quick comparison to help you find the fast bridging loans.
Here’s a couple of case studies from recent bridging completions.
A bridging loan is a short term asset-based finance that provides you instant cash flow. Before getting a loan keep in mind that the bridging
If you need money for a short amount of time, a bridging loan can be useful, especially if you need a loan to complete the
A Quick Beginner’s Guide To Bridging Finance A bridging loan is a short-term loan usually taken out for a few weeks, months, or a year
Speed is the essence of bridge finance. We specialise in providing quick bridging loans up to 85% loan to value. We have a team of expert underwriters who complete the process quickly. No matter what your circumstances are, we are always ready to help you.
As a bridging lender we understand how frustrating it is to be rejected for a loan due to bad credit. However, at short term, we consider your application even if you have a below-average credit score and help in securing a fund you need. We help you in finding best bridging loan rates so that you can repay the loan easily.
If you are thinking of purchasing a property at auction, you can not rely on traditional bank loans as they can take a long time to complete the process. We can complete the process within a matter of days to provide you with a cheap bridge loan as auction finance so that you will not lose on your purchase.
If you are finding it challenging to secure a loan from high street lenders. A short term bridging finance is ideal for getting funds and quickly purchasing a property.
You can take out a fast bridging loan against a property you own to pay urgent tax bills. It helps you from penalties for late tax payments by HMRC.
If you need cash to expand your business or to make a purchase for your business. Bridge finance can be an excellent short term solution to overcome business cash flow problems.
Bridge loans are short term in nature. That is why the interest rate is usually higher than the traditional loans. It can vary from 0.4% to 1.5% per month.
A Bridge finance is usually used to complete the purchase or renovation of a property. However, you can use it for any legal purpose, such as purchasing property at auction, paying tax bills and overcoming business cash flow issues.
An exit strategy is a plan that describes how and when you will repay your loan. Usually, you have to repay within a year, and the exit strategy consists mostly of refinancing or property sale.
Bridge finance takes less time compared to traditional property loans. It is completed within a matter of days, and you will get funds transferred to your accounts within seven days after approval.
Bridge loans are the fast source of funding that help you in completing the purchase of a property as compared to long term mortgages. It means that with a bridge finance you can quickly complete the purchase of a buy to let property, however the cost of such loans may be high so you must plan to repay the loan amount as soon as possible to save some money on interest.
If you want to get a quick bridging loan,you must meet the eligibility criteria so that it takes less time in underwriting your loan. You must have a strong exit strategy,good credit score and a valuable property as a collateral to get quick approval for the loan.
0114 123 45678
hello@shortterm.com
21 West St, Gravesend DA11 0BF, United Kingdom