We are delighted to announce that we have formed a joint venture with commercial loan specialists, The Finance Business, to offer their market leading range of commercial finance products and ultra competitive bridging loan rate.
The Finance Business have been providing bridging finance, development finance and commercial mortgages for over 5 years now and we are excited to be teaming up with them.
What is bridging finance?
We understand that people don't know what bridging finance is or how it can work for them which is why we will do our best to show you the advantages and disadvantages of short term lending.
Despite bridging finance becoming more prevalent in recent years, with a growing number of people appreciating the flexibility that it offers, many brokers, investors and borrowers are still unfamiliar with bridging loans and how they can be used.
The UK's leading bridging loan master broker, The Finance Business has put together a comprehensive beginner’s guide to provide people with the information that they need to go forward and set up the loan. From bridging loan uses, time periods and loan amounts to repayments and interest rates, it provides a detailed overview of when to use bridging loans and what to expect when taking out this type of funding.
By using this beginner’s guide, brokers can help their clients make educated decisions when financing an investment, property transaction or cash flow issue, understanding how and when to use bridging loans to facilitate financial situations effectively.
A bridging loan is typically used for:
The Finance Business have been providing bridging finance, development finance and commercial mortgages for over 5 years now and we are excited to be teaming up with them.
What is bridging finance?
We understand that people don't know what bridging finance is or how it can work for them which is why we will do our best to show you the advantages and disadvantages of short term lending.
Despite bridging finance becoming more prevalent in recent years, with a growing number of people appreciating the flexibility that it offers, many brokers, investors and borrowers are still unfamiliar with bridging loans and how they can be used.
The UK's leading bridging loan master broker, The Finance Business has put together a comprehensive beginner’s guide to provide people with the information that they need to go forward and set up the loan. From bridging loan uses, time periods and loan amounts to repayments and interest rates, it provides a detailed overview of when to use bridging loans and what to expect when taking out this type of funding.
By using this beginner’s guide, brokers can help their clients make educated decisions when financing an investment, property transaction or cash flow issue, understanding how and when to use bridging loans to facilitate financial situations effectively.
A bridging loan is typically used for:
- Broken sale chains – bridging the gap between the purchase of one house whilst retaining the other
- Buying property at auction – super quick completions
- Below Market Value – enabling you to buy with no money down
- Unmortgageable properties – if there is no kitchen or bathroom for example or if it's uninhabitable
- Change of use – if changing the purpose of a building from say offices to apartments