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?
For a quick chat, a meeting to discuss opportunities, or a more complicated deal on your desk – drop us a line or give us a call today on 020 8731 5333.
This information is intended for professional intermediary use only and must not be distributed to potential customers.
Enterprise Finance Ltd is authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 302964. Certain types of loans are not regulated, for example loans for business purposes or certain buy-to-lets. Enterprise Finance Ltd is registered with the Information Commissioners Office.
Registration Number: Z6765361 Enterprise Finance Ltd is registered in England and Wales. Company Number: 04440152. Registered Office Address: 3rd Floor, Premiere House, Elstree Way, Borehamwood, Hertfordshire. WD6 1JH.
This information is intended for professional intermediary use only and must not be distributed to potential customers