BridgingLoans.co.uk

read moreBridging Loans are generally considered a short term finance solution, traditionally used to bridge the gap between sale proceeds clearing and the purchase of a new property but now offer a short term solution in a number of situations including renovation/re-development, lease extension, funding a new business venture and divorce settlements amongst other situations.

The main difference between bridging loans and general loans is that there are no regular repayments to be made. A bridging loan is a short term secured loan where the funds and any interest charged are repaid in full at the end of the term. You will be required to have an exit strategy in place where you can demonstrate how you intend to clear the repayment amount at the end of the term. Given the short term nature of a bridging loan, interest rates are higher than mainstream lending.

read moreIf you want to raise funds quickly on a commercial property already owned or for the purchase of a commercial property that you are looking to buy, then a commercial bridging loan could be the ideal solution for you. Commercial mortgages due to their complex nature are notoriously much slower to arrange and complete than residential mortgages. This makes the use of commercial bridging finance in this sector much more relevant. A commercial bridging loan can be arranged and paid out often before a lender being used for longer term finance has even started to review the case. Commercial Bridging loans, as it suggests, would be secured on commercial or semi-commercial properties in the same manner as a standard residential bridging loan and normally arranged within the same timeframe. The number of uses are also wide and varied but as commercial bridging finance is not regulated by the FCA, additional funding reasons are allowable, provided any use is fully legal.

read moreThe team at BridgingLoans.co.uk have demonstrated outstanding professionalism and market knowledge concerning commercial funding in what is a very difficult market. The diligence and integrity in all matters concerning my own business has been exemplary. They are first class communicators, ensuring that you are always up to date with the status of any transaction and proved capable of delivering on the finance required.

read moreVery helpful in finding a financial product to meet our needs. Patient when a delay because of sale chain breakdown.

read moreThanks for helping us find a practical way forward with our commercial property development. Your services go far and beyond the call of duty and we very much look forward to dealing with you again.

read moreSuper quick and efficient application process. A great relief to find a Finance company who delivers.