| _ |
Bridging Loans and Finance |
Great British Finance provides bespoke bridging finance for commercial, residential and industrial opportunities.
What sets our services apart from traditional bridging lenders are there are no set criterias that a prospective client has to meet. Each finance opportunity is looked at on its own merits, which gives us the flexibility to arrange in some cases up to 100 per cent bridging finance.
We are able to fund all types of residential, commercial and industrial property whether it is already owned or being purchased.
Example of Bridging Loan Finance
Bridging loans are used as a short-term loan to provide money until a more permanent financial solution is in place. A bridging Loan can be essential in situations where there is a temporary shortfall in cash, such as during the purchase of property. |
|
Here are just a few examples of when a residential bridging loan may be used.
• To enable the purchase of one property before the completion on the sale of another
• To enable the purchase of a property abroad. Funding is available for the purchase of properties abroad for your own use or holiday/investment purposes.
• Temporary funding to enable the purchase of a 'defective' property, to provide the funds for the completion of repairs/renovation until a long-term mortgage can be arranged.
• To enable the urgent purchase of a property if there is insufficient time to arrange a long term mortgage. This could be the situation if you want to purchase an investment property and there is insufficient time to arrange a buy to let mortgage to complete the purchase.
• To capital raise for any purpose, pending the sale of the secured property.
We are not tied to any particular lender and will search the whole market to find the most appropriate loan to suite your needs. All lenders have different criteria and offer various terms and conditions, for example, some lenders will only allow 75% funding where others will allow 100%.
More examples of the types of things you might be looking for when searching for a bridging loan:
• Bridging finance available within 5 days
• Up to 100% of purchase price.
• Simple and efficient application procedure
• Interest can be added to the bridgin loan
• No minimum term (purchase only)
• Open ended bridging.
Tell us what’s important to you and we’ll search the market to find the lender that meets your needs. We have the latest technology which enables us to research your bridging loan almost immediately, so why spend time hunting yourself, let us do the hard work for you.
We make no additional charge to you for this service as the provider we source pays us an introducer’s fee.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice the precise amount will depend upon your circumstances but we estimate that it will be 1% of the loan amount (minimum fee of £295). The overall cost for comparison is 5.6% APR, the actual rate available will depend upon your circumstances.
If you would like to know more about bridging finance you can visit the dedicated bridging finance website called bridge loan by clicking here
Great British Finance Limited are authorised and regulated by the Financial Services Authority (FSA). The FSA does not regulate some forms of Mortgage, Inheritance Tax Planning, Credit Cards, Personal Loans, Deposit Accounts & Insurance. If you are submitting an online request, we would advise to read our KeyFacts statement, links are at the top of this page.
|