Seize opportunities with flexible short-term finance solutions.
A bridging loan is a short-term financing option that helps individuals or businesses bridge the gap between the purchase of a new property and the sale of an existing one. It provides immediate access to funds, allowing borrowers to secure their dream property without waiting for the sale proceeds from their current property. Bridging loans are known for their speed, flexibility, and ability to meet urgent financial needs, making them an ideal solution for property transactions and time-sensitive investment opportunities.
Bridging loans are typically secured against property and can be used for various purposes, including property acquisitions, renovations, auction purchases, and property chain breaks. As this is a short-term finance solution, the Interest Rates are typically high and calculated monthly, rather than annually.
You can choose to either apply directly to the lender or use an experienced broker to guide you through the process from application to completion and explain what needs to be done at every step.
This type of loan is an ideal financing option for property developers and renovators. Whether you're looking to carry out extensive renovations, convert properties, or undertake new developments, bridging loans offer the capital required to bring your projects to life.
Buying properties at auctions can present excellent investment opportunities, but they often require immediate funding. Bridging loans provide quick access to funds, allowing you to participate confidently in auctions and secure properties without delays.
At Advice Plain & Simple, we have established relationships with a wide range of reputable lenders specialising in bridging finance. This allows us to connect you with lenders offering competitive rates, favourable terms, and flexible repayment options.
Our team will guide you through the entire application process, assisting with the preparation of necessary documentation and ensuring all requirements are met. We will work closely with lenders on your behalf, expediting the process and maximising your chances of approval.
We have access and can advise on thousands of products, helping you find the right deal for your circumstances.
Advice Plain and Simple is a trading name of William Chalice Limited which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. William Chalice registered Office: Unit 1, Hawford Business Centre, Lionel Way, Worcester, WR3 7SG. The information on this website is subject to the regulatory regime and is therefore targeted at consumers in the UK. No representations are made as to whether the information is applicable or available in any other country which may have access to it.
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