What we offer is short term Commercial Bridging Finance; even with adverse credit records we can help you source the best Bridging Finance.
A bridging loan can be used for a variety of purposes:
- To enable the purchase of one property before completion on the sale of another
- To fund the purchase of a property abroad, be they for owner occupation or holiday/investment purposes
- Temporary funding for the purchase of a 'defective' property, pending completion of repairs and draw down of a long-term mortgage
- To fund the urgent purchase of a property, pending arrangement of a long term mortgage. This of course can apply to an investment/commercial property when there is insufficient time to arrange a buy to let or a commercial mortgage to complete the purchase.
We can offer:
- Flexible repayment options
- Interest-only repayments during the bridging finance period
- Upon receiving the proceeds from the sale of the current property and clearance of the bridging finance loan, the remaining loan can revert to principle and interest repayments
- Bridging finance for periods between 2-12 months
- Borrowers of any financial status will be considered
- No redemption penalty options
- Rates from 1% a month
- Minimum of £25,000, no maximum
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