August 24, 2018
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:
Bridging loans are interest-only loans secured on property or land, from £50k to £30m with loan terms from 1 month to 18 months.
Bridging lenders are typically able to make lending decisions on the current value of the property, even if it needs a lot of work.
We see a typical turnaround time from initial enquiry to completion in just two weeks – but in some cases as little as three days.
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:
So, why not contact us now?