Quick Bridge Loans
Perfect for those who need a short-term finance option in a quick turn around time, a bridge loan quite literally helps you bridge a gap between finances and helps to fund a range of projects.
Who can apply for a bridge loan?
Depending on your credit history, a bridge loan can be used for a range of situations such as chain breaking, auction finance, covering mortgage delays, cash injections into businesses, conversions of properties and to fund essential repairs to a property.
How long will it take and how much can I borrow?
As with most loans, the length of approval can depend on the case, but it usually takes around 2 weeks to approve. The same goes with the amount, it can depend on the situation, but it’s possible for us to fund up to a maximum of 80% of the property value and up to 100% of the purchase price when additional security is provided.
Are there additional fees?
You’ll need to pay for a valuation report as well as legal fees, and the lender will charge an arrangement fee once the application is successful.
If you think a bridging loan is a suitable solution to your situation, get in touch with us today via our contact form or call us on 0207 788 6627.