Fast Cash Bridging Loans & Short Term Finance regardless of your credit rating
Bridging Finance Loans |
What Should I use a Bridging Loan for?
If you’re having a temporary cash flow problem because you are attempting to buy property, a business, or need to quickly consolidate debts, you need a bridging loan. Maybe you are ready to buy a new home but the sale of your current home may not have cleared? Bridging Loans and short term finance could be the fastest answer to plug a gap
A bridging loan is a short term mortgage which is secured by your property. The bridging loan may have a higher interest rate than your conventional mortgage, but you can gain the loan quickly to bridge the time between your purchase and your sale. They tend to be riskier for the lender who is betting on your situation and will often not worry about any past or current bad credit. These loans are best for the person that is fairly certain of their situation and ability to repay in a few months either through an up and coming remortgage or sale and or indeed increase business volume or expected income
Bridging Loans are also available to the people that have found it more difficult to get mortgages due to bad credit, CCJ’s mortgage arrears, IVA and even repossession or bankruptcy petition. Bridging loans can take from 48 hours to a week. Enable Finance will process your request right away to give you a solution as quickly as possible. Please fill in our application form for a NO obligation quote or call our free phone number. |
Questions & Answers about Bridging Loans
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How much can I borrow? |
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What are the Charges? |
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Typically from £25,000 - £3.5 Million |
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Typically between 1% - 2% |
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How soon can I have the money? |
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What security is required? |
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It can be done in 48 hours although 7 days is an average |
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The loan will be secured on the property be financed. |
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What percentage of the value of the property do you lend? |
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In the region of 70% - 80% |
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Bridging Finance News
North West- based bridging finance company Bridgebank Capital is to launch at this month’s Mortgage Business Expo in Manchester. Leading the new generation of property finance specialists, Bridgebank Capital will provide an unrivalled offering to the bridging finance market. Bridgebank Capital, a non-status lender, will be providing a wide range of bridging and short-term property finance for purposes ranging throughout the commercial and residential property sector. In addition to the company’s own substantial funds, Bridgebank Capital has developed exclusive strategic alliances that will enable greater flexibility and will provide business guidance to its clients as part of the overall financial solution. Managing director Laurence Goodman said: “Because we can offer a wide range of loans from £50,000 to £10 million, we are confident that our client base will grow steadily and that the business will expand to accommodate what we see as a real need in the market. We recognise that bridging finance specialists should supply a complete service for brokers and therefore Bridgebank Capital has been conceived to provide a total quality commercial offering.” Laurence Goodman’s has extensive previous experience in this sector and Bridgebank Capital, which will be based in Didsbury, South Manchester will announce its team of experts over the next couple of weeks. Bridgebank Capital will be on stand B16 at the Mortgage Business Expo, G-MEX, Manchester from the 17 – 18 May 2006.
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