The UK's Trusted Bridging Loan Finders Call us FREE on 0800 458 5587 |
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Bridging LoansWhat is a Bridging Loan? Why would you need one? How do you find a Bridging Loan? Selling and buying houses does not always go smoothly, it just takes a break in the chain for the sale of your existing home to fall through. You quickly need a Bridging Loan to complete on your new property purchase, otherwise you could lose it if someone else makes an offer. A Bridging Loan can also be the solution if :
Fast, easy application The main advantage of a Bridging Loan is the speed you can get the
money you require, in order to successfully complete the purchase of
your new home. What is a Bridging Loan? A Bridging Loan is a short term mortgage which is secured by your property. This is usually arranged by getting a mortgage on the new property, and taking out a second mortgage on the property being sold. This type of loan is mainly available for house sales and is usually taken out to solve a temporary cash shortfall which can happen when selling and buying different properties or to pay for renovations. It 'bridges' the gap between the purchase of a new property and the sale of an existing one. There are generally two categories of Bridging Loans: Closed - this is when you have exchanged contracts
on both the property you are buying and the property you are selling.
Bridging loans can be arranged for:
This can be the most cost-effective way to fill the gap that can sometimes
occur between buying and selling your property. Purchasing a property at auction Completion needs to be fast as you have to complete within 28 days,
so you need a bridging lender who can act quickly and professionally. Fast-track We specialise in providing fast online access to Bridging-Loan finance
on residential or commercial properties in the UK. Being self employed or having an adverse credit history or CCJs need not be a problem. A Bridging Loan can even enable people who have an adverse credit history to build a track record before applying for a conventional mortgage. A successful Bridging Loan can have a positive effect on a borrower’s credit score making future finance more attainable. We can fast-track you to your financial solution if you require bridging finance quickly in order to secure the property of your choice, and only need funds for a limited period of time. Our financial experts will help you through the application process to achieve your property needs in the most cost effective way.
Don't worry if you've had past credit or money problems - our panel of lenders offer competitive rates, so fill in the fast enquiry form below or talk to one of our friendly advisors on 0800 458 5587 and find out how we can help you get the loan you want. There's no obligation, no charges and no credit check without your permission. Loansite is a Limited company based in Cardiff, UK. We are registered under the UK Data Protection and Consumer Credit Acts. |
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE
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You may be required to pay a broking fee, The overall cost for comparison is 7.5% APR. The rate is variable and based on a usual case, including fees of £2,000. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. If you are thinking of consolidating existing borrowing, you should be aware that you will be increasing the term of the debt and increasing the total amount you repay. Information on this site must not be construed as legal or financial advice on specific matters. All information is a public resource of general information, which is intended be accurate, complete and up to date but is not guaranteed to be so. The accuracy, completeness, fitness for purpose or currency of any content is not warranted or guaranteed. Your use of information on the Web Site or materials linked from the Web Site is at your own risk. All content, information copyright loansite.co.uk 2001 - 2007