Bridging Loans

Are you looking for a short term loan to help with a temporary cash flow problem or short fall?

Bridging loans are usually seen as a temporary way to alleviate cash shortfalls when outlaying large amounts of money and waiting for other sources of finance.

A bridging loan is effectively a short term loan secured on property by way of either a first or second mortgage.

Short term bridging loans can provide invaluable help in cases of temporary cash shortfall and can be used for a number of reasons:

• Purchase of a new property before an existing property has been sold
• Residential or commercial
• Purchase a property for improvement or extension then resale
• Auction purchase
• Complete purchase of an overseas property
• Capital raising

If you own a house but are moving to a more expensive property, a bridging loan could cover you to buy the house you want before you have sold the first one.

Or, if you are buying a property at auction, you may need to put down a deposit or pay the balance on a house quickly before a mortgage lender can arrange finance.

A bridging loan is usually for a period of 3 and 6 months, however a longer term may be justified under certain circumstances.

Call now to speak to one of our advisers on freephone 0800 594 5904 or complete our on-line equiry form.