Bridging Loans
What is a bridging loan?
Bridging Loans are normally taken out when you have a short term requirement for a large sum of money – usually to purchase a property or a building plot. Bridging loans are normally repaid within 6 months but often in a shorter time period. There are many different types of bridging loans however the most common situations are where you wish to purchase a property but have not completed the sale of your current property or when you wish to purchase a property at auction.
Who can get a Bridging Loan?
Fast decision 1st and 2nd charge. High LTV 70% 75% 80% 85% 90% 95% or 100%. No credit check required. Mortgage problems low monthly interest rate.
Key Features of our Bridging Loans
- Decisions in hours
- Funds delivered in days
- Up to 85% LTV (100% in some cases)
- Borrow up to £10 million
- Lending for up to 12 months without Early Payment Penalty
- Residential or commercial property
Articles
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Mortgage News
- FSA tells bridging lender to educate brokers 18/05/2012
- Santander UK downgraded by Moody’s 18/05/2012
- Adam Posen to leave MPC 18/05/2012
- Nationwide cuts NewBuy rates 18/05/2012
- Bridgers fill development gap 18/05/2012
- MFB appoints business manager 18/05/2012
- Alleged mortgage fraudster unfit to face jury 18/05/2012
- Rents back on the up 18/05/2012
- AMI: Mortgage market flat till 2015 18/05/2012
- Stockton: Never mind the euro 17/05/2012
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