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Want A Bridging Finance
Loan ?
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A type of finance that is
very fast to get hold of is a bridging finance loan.
This kind of credit is normally used when you need to
purchase a property such as a house or commercial
building but you have not completed the sale of your
existing home or building. Suitable for residential and
well as business and commercial uses it can be a very
affective way of borrowing funds on a short term basis,
until the property is sold or other more permanent
financial credit is sourced such as a mortgage.
Other uses of this finance include buying property at
auction where you need to pay for the land or house
quickly to prevent you losing your deposit. You may need
to borrow fast in order to prevent your house from being
repossessed if you are having trouble with your mortgage
payments and facing bankruptcy.
With a bridging finance loan you normally pay the
payments back on a interest only option that keeps the
payments lower. So that when you eventually sell the
your old home or find more permanent finance elsewhere
you just pay back the sum borrowed.
or
FAQ
Questions Information on Bridging Loan Finance
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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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