Bridging loan example.
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Get in touch with us several ways.
There are a plethora of ways to actually get in touch to find out more about our private, independent lending service. You can call us by telephone, send us an email, enquire online or shout really loudly.
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We will value your home to determine loan.
When we arrive we will conduct a private, external survey of the building. After completion we need access to the inside so that we can proceed with the internal survey and general viewing.
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Get an offer of finance almost immediately.
From the valuation and the information you give us about any outstanding mortgage or other loans secured on the property, we can ascertain just how much, or if we are able to lend to you.
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Accept & we transfer funds instantly.
As long as all paperwork is present and correct, we can transfer funds to your personal, business or any nominated bank account instantly. We can also work to a specific date if required.
Or call: 0845 475 1814
Bridging loan examples. How to utilise them.
Property chain breaks.
Bridging loans where first introduced into the UK property market many many moons ago. It is not usual for someone to pull out a house sale. No reasons are needed to be given, but this can cause the house sale chain to collapse. This is when some bright spark realised that a short term borrowing option could bridge the gap and help rescue the house sale process. Basically, the loan would cover the cost of a house purchase until the home you had for sale sold. You would then use the proceeds from the sale to clear the bridging loan. You simply pay monthly interest fee until you clear the amount in full. The bridging loan was born. However, we have adapted this form of borrowing so that it can be used for any purpose. Give us a call for more info.
Debt consolidation.
A quick short term fix to mounting debts is to use a bridgiing loan to consolidate all your bills, loans and or mortgages and remortgages. Once all your creditors are paid off, you can then look for a longer term borrowing solution for the property or properties you used as security. Or you can simply sell up and clear the bridge you got through us. Either way if you are struggling with secured loan repayments, you can bridge the gap with us irrespective of credit history as long as you have ample equity in whatever type of land or building you use as security and a well thought out exit plan to get you out foo the bridging loan before the maximum twelve month time frame elapses. We could offer a bridging refinance if needed. Give us a ring today.
Property purchases.
Sometimes, something unexpected can happen. For instance, out of the blue, a friend, family member or even work colleague might fall into a bit of financial difficuty and the only way for them to get themselves straight is to sell their home. Or you might see a bargin at property auction. Who ever, you might have to the chance to snap up a property but need to move quickly. Banks and building societies can't help you when you need to move fast. They take forever to set up a mortgage or remortgage. We don't. Our bridging loans can be set up as quickly as you can get a valuation done and get your solicitors to certify the paperwork you get from us to set up your bridging loan. Sale price not current is the true valuation. Call today.
Commercial projects.
Business, investment or commercial entities and projects can be funded by our bridging loans. As an added bonus, we can offer a more competitive unregulated bridge on commercial projects as long as you don't live, or family members don't reside in property used as security. Howeve,r if you refer you can still go down the regulated route should you prefer. We can also offer 1st, 2nd and in extreme cases 3rd charge bridging finance for business use. We also have other funding packages available for commercial borrowing including asset finance, guarantor loans and revolving credit facilities all at highly competitive, if not cheap rates of interest. So, pick up the telephone and give us a ring for an informal chat.
Use our bridging finance for absolutely any purpose at all.
Whether you are a business owner, a property investor or a homeowner, you can get cheap bridging loans with us even if you have a poor, adverse or bad credit history or score. If you have a good credit history, then that will be factored into the rates of interest offered on our bridges, simply because you are at low risk of default.
As a forward thinking group of principal lenders, lending both individually and also as a crowdsourcing secured lenders group, we can base funding both for home owners and company applicants purely on equity in the property, properties or land that are offered as security for the short term financing.
Call on our local rate 0845 475 1814 from a land line or call 0203 287 7169 from your mobile or request a call back by using the quick contact form on the right hand side, or just below depending on whether you are browsing on a PC or mobile device. Alternatively, click the button for our full on enquiry form.
You choose the options that are best for you, first or second charge bridging finance, unregulated or regulated bridging loans and you are in complete control of when you clear th full amount. If you decide to clear early into the term, then there are no early repayment penalties accrued. You simple clear the whole amount with that monthly interest repayment and you re free from the bridge. Quick and easy.
Our expert team with over three decades of experience in the short term funding market are on had during normal business hours to field your call and answer any questions you may have regarding bridging finance.
They can also accept your application on the phone too without you being obliged to accept any secured unregulated bridging loan offered to you. Please be advised that any property or properties used as security ar at risk of repossession should you fail to keep up with your interest payments or clear the whole amount within the term of the bad credit loan or other form of financing issued.
Call our team on 0845 475 1814 or you can click below to apply online, or you are able to call us up from your mobile phone on the landline number 0203 287 7169 or request a call back by using the quick contact form on the right or directly below this block, still without being under any obligation to accept any offer presented to you. Alternatively, apply online by clicking the button.
Quick contact form
IVA or bankruptcy.
Equity loans. A simpified way of us offering financing to those of you under threat or actually entered into bankruptcy is through basing the advancement on the equity you have in any property or properties. You can then use those proceeds to pay off your debts and reverse your bankruptcy conviction. Typically we call this a bankrupcty bail out. Many people have used this method in the past and we are sure many will in the future. You can also use this form of borrowing to quash an IVA. As long as your Individual Voluntary agreement supervisor is happy for you to have a short term 2nd charge, you could clear off all your debts and be free from IVA with one of our IVA loans.
Auction finance.
Specialists in auction finance, we can help you get a quick bridging loan in place so you can bid on the property or land knowing funds are there. All our financing packages, when used as auction finance, can be used at any property auctioneers, be it residential or commercial, throughout England, Scotland and Wales. When you have the funding already in place with us, you are saf e in the knowledge you can bid knowing exactly what your limits are. Factor in, that unlike banks, a bridge from us can be set up relatively quickly, unlike getting mortgage, remortgge or commercial loan from a bank or high street lender. We also can offer support on where auctions are going to next in the UK.
County court judgements.
Can a bridging loan be obtained when you have one or many CCJ's. Through high street lenders, building societies and private banks, the answer is a resounding, big fat no. However, we are privately funded investors who can base a bridge purely on equity, not credit scores or history. We offer CCJ bridging loans because we don't conduct credit check, just base your financing on equity. What ever you do with the advance is entirely up to you. Clear your debts, pay of your mortgage, invest it, it is entirely up to you. However, if you do default with us or fail to repay your bridging finance beofre the 12 month alloted maximum time frame, we will have to repossess your property.