Cash flow - when you need some cash urgently
Business capital finance - when funds are required for a short period of time
Raising extra cash to fund a property chain break
Land purchase - with and without planning permission
Overseas Property - for commercial, residential and holiday property
Development finance - for building residential and commercial units
H M Revenue and Customs - for those unexpected payments
A bridging loan is a type of loan that is used to cover shortfalls between buying one property and selling another; or to cover businesses between funding tranches.
A prime example of when you might need a bridging loan would be if you're poised to buy a new home but are let down on the sale of your existing one. To secure your new home, before it goes to the competition, you could use a bridging loan. It's basically a very short term mortgage. Like a mortgage, it's a loan that is secured against property. Any type of residential, semi-commercial or commercial property or land in England, Scotland and Wales can be considered as security for a bridging loan.
Funds can be available within as little as 5 working days from receipt of acceptance of our formal offer.
Simple and efficient application procedure
Interest can be added to the loan
No minimum term (purchase only)
Open ended bridging available
Loans available from £25,000 to £2,000,000
No exit fee
Commercial bridging loans can be the best way to alleviate a financial crisis. Even if you have a poor credit history, we can help in obtaining the extra finances. Borrow any thing from £25,000 to £2 million for both commercial and residential properties at low rates.
The minimum period is one month and maximum is twelve months. You decide on the term for your bridging finance not us, and there is no problem if you would like to shorten or lengthen your repayment plan once your advance has been issued.
For a free no obligation consultation regarding your bridging finance requirements please call All Set to Let today