If you’re not that familiar with bridging loans, you may only think of them as the ‘go-to’ solution when a property purchase collapses
But, did you know bridging loans could be an extremely useful option for your property professional and business clients in need of a short-term cash injection? Here’s why:
- Flexible Loan Sizes: A remortgage or unsecured loans don’t suit your client
- Fewer Lending Barriers: They want to avoid paying an Early Repayment Charge on an existing mortgage
- Quick decisions: We see a typical turnaround time from initial enquiry to completion in just two weeks – but in some cases as little as three days
- No ERCs: Unlike many other loans, there is generally no penalty for early repayment, so your client can pay it back whenever the job’s done.
When can you spot opportunities? Bridging may be ideal for clients who:
- Need to complete quickly
- Have cash flow issues in the middle of a project
- Want to buy properties:
- At auction
- That are unmortgageable, needing complete renovation or development
- For development but don’t have planning permission
- Regulated and non-regulated bridging loans available
With extensive experience to hand and access to a range of lenders, we can help your clients with:
- Rates from 0.44% per month
- Up to 75% LTV
- Loan terms from 1 month up to 18 months.
For more information, drop us a line to discuss your clients’ needs or give us a call today on 020 8731 5333.
