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Want UK Bridging Loans ?
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Many people consider a
United Kingdom bridging loan to be a very expensive kind
of finance. That being said there are many times when
this kind of finance can save the borrower money and
serve a real valuable purpose. For example you buy a
property at auction you have a mortgage in place to fund
the purchase but the mortgage lender is not ready to
complete and you risk losing the property and your huge
deposit with it. In times like these finance is required
temporarily to bridge the gap. The example shows a
typical application of this kind of financial product
for residential purposes.
Residential use is just one example of the kind of uses
of this finance many businesses uses UK bridging loans
to help with new ventures. A company may have the
opportunity to buy some stock or product at a cheaper
than usual price, the purchase of which would massively
increase profit. Unfortunately at this time the
businesses cash liquidity is low and they can't take
advantage of the offer. A bridging loan would be a
profitable means of borrowing the funds needed and can
normally offer the funds with 2 to 10 days.
or
Bridging
Loan Application
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| Who's Suited |
- Purchasing
property at auction.
- Property refurbishment or conversion.
- Chain breaking mortgages.
- Homeowners who have been or about to be repossessed.
- Funds required within days not months.
- Short-term finance for business purposes.
- Commercial property purchase and refinance. |
| Features |
- 100% LTV
Available.
-Market leading rates from 0.75%.
-1st charge or second charge equity release. |
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