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Bridging finance | General terms | Tips | Examples | Apply | Contact |
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Bridging finance
Bridging finance for professional, commercial or investment use, as well as being available for homeowner or a private, higher value, quick short term loan secured against any UK land, with or without planning permission, a house, or any type of dwelling in reasonable upkeep that you own or have ample equity built up in. Get a fast decision on the variables available to you, in fact, not principle, from one of the leading independent principal lenders covering business and residential funding enquiries from all over England, Scotland and Wales.
Whether you are an experienced user of bridge loans or this is the first time you are looking to utilise secured bridging as a option, click on the button below for a discrete, rapid response to your finance enquiry. All applicants needs are dealt with on an individual, case by case basis so even self employed or non status applications are excepted, plus bad credit need not be a problem, as we work on the equity in the property you would like to use as security combined with the LTV (Loan To Value) and every enquiry is totally confidential.
Quick news update: We have been notified to publish that the company we use for home owner funding is Short-Term-Finance.co.uk who work as a conduit for secured residential loans. Feel free to visit Short-Term-Finance.co.uk for bridging loans for home owner use.
We don't call it a hand held Earth removing tool, we call it a spade. In other words, we won't try to blind you with financial jargon as part of a “sales pitch”, that is designed to get you thinking we are the only bridging finance company worth its salt. We treat you as you should be, like a normal human, not a voice on the end of the phone that we are trying to 'close'. Our attention to personalised service is only rivalled by our flexible lending, terms and rates. So whether you are a builder or property investor in need of a short term bridge, or a business person or entity looking for development or commercial funding, or even a homeowner, or potential property owner totally annoyed with the time consuming, bureaucratic, red tape laden procedures of the established banks and building societies, talk to us, or click the button below to complete our initial contact form.
We are the principal lenders who are ideally placed to give you the quick decision you want, accompanied with a fast payout that is normally required on residential or business bridging finance.
Bridging loans
Bridging loans differ from other forms of secured borrowing in a few different ways. You will find that different principle lenders, companies and brokers will have slightly different packages available for commercial applicants and home owners. The main points comprise of no fixed term and interest only repayments.
No fixed term equates to the fact that you are not locked into a set time frame. Normal secured loans are usually termed at three or five year repayment plans. With a bridging loan or bridge finance you clear the loan when you want to, or can do. However, this doesn't mean that you can owe the full amount long term. You are contracted to repay the full amount anywhere between one and twelve months. The sooner you do clear the amount, the less you pay in interest charges.
Interest only repayments is fundamentally self explanatory. Each month, the payment you make is the previous month’s interest charges. You do not pay off a piece of the loan with it, so in effect; you never owe more than you have borrowed.
There are also no early repayment penalties like with other forms of secured borrowing. If for any reason we are unable to help you with your bridging loan needs, feel free to contact those friendly brokers at CreditLink.co.uk who may be able to assist you in finding short term secured funding.
If bridging finance is used correctly, it is a highly quick, efficient and cheap way of borrowing large amounts, which will be secured against property, over a short term without being locked into a repayment plan or risking high early repayment charges.
Typically bridging funding, regardless of whether it is for commercial or business use, or for personal or private use, starts with a minimum loan amount of £25,000. That is twenty five thousand pounds with no upper limit as long as there is amply equity in the property(ies) you use as security. Please be advised that your home, or property is at risk should you fall behind in your interest repayments, or fail to clear the full amount before the end of the term.
The short term funding offered tends to be unregulated with interest charge anywhere between 0.95% and 2% per month.
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