Bridging Loans Overview:
Fazil Kazmy CeMAP. CII ER1
UK & International Mortgage Brokers?Bridging Loans ?Commercial Funding ?Development Finance? Secured Loans?Buy to Let?Refurbishments? Refinancing ?Restructuring ?Property Investments ?Building Insurance?EXPATS?Protection
Once considered a specialist product bridging loans are now being utilised and implemented for investments made across the country.
A bridging loan is a short-term finance loan (12 months or less) that individuals (and businesses) can use to “bridge” a period of time until they can secure permanent funding. The loan can be used for anything and can act as a buffer whilst waiting until your next stage of financing becomes available.
A common scenario for the use of a bridging loan is when finance is need immediately but unavailable due to a property purchase taking time. Bridging is flexible, versatile and can be used for almost endless purposes, additionally it allows borrowers to raise the cash injection required very quickly, as generally underwriting is simple and straightforward.
I am here to help: for more please call 07950 175 666/ 0208 907 6012
Our charges are usually 0.5% of the loan. i.e. on a loan of £100,000 our fee is £500.00
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debts secured on it.