[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”50px”][vc_custom_heading text=”Bridging Finance Mortgages” font_container=”tag:h2|font_size:26|text_align:left” google_fonts=”font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal” css=”.vc_custom_1617178226291{padding-bottom: 12px !important;}”][vc_column_text]<\/p>\n
A bridge loan is a short term finance option which can be made to an individual or company and secured against a residential or commercial property or plot of land.<\/span><\/p>\n Bridging finance is popular with landlords and property developers for funding short-term projects, and are becoming increasingly popular with home movers, as it can help you to buy a new property, whilst you are waiting to sell your existing home.<\/span><\/p>\n There are a number of potential benefits for clients including quick arrangement time, which can be within 24 hours, daily interest rate and no early repayment charges (on some schemes) \u2013 great if you only need to have the loan for a short amount of time.<\/span><\/p>\n No credit checks are required for bridging loans. However, lenders will require a completed application form, proof of address, a form of identification, and a copy of your building insurance schedule noting the lender\u2019s interest, which we can arrange for you.<\/span><\/p>\n Bridging loans can be used for a number of reasons, such as refurbishing or converting a property. Bridging loans are also often used to help those looking to buy at auction where you have a short timeframe to exchange contracts. Chain breaking is another common use of bridging loans \u2013 you might have found a new property but haven\u2019t been able to sell your current one yet. Bridging finance solutions allow you to take out a short-term loan on your current property and transfer your mortgage to the one you intend to purchase. Once you have sold your previous property you simply redeem the bridging loan.<\/span><\/p>\n This service is offered by referral to a third party.*<\/strong>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":" [vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”50px”][vc_custom_heading text=”Bridging Finance Mortgages” font_container=”tag:h2|font_size:26|text_align:left” google_fonts=”font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal” css=”.vc_custom_1617178226291{padding-bottom: 12px !important;}”][vc_column_text] A bridge loan is a short term finance option which can be made to an individual or company and secured against a residential or commercial property or plot of land. Bridging finance is popular with landlords and property developers for funding short-term projects, and are … <\/p>\n