Short-Term Lending as a Solution
Years ago, bridging finance was considered a very expensive option, but bridging products are a lot cheaper and many savvy investors are turning to us, to know which lenders to turn to.
There are many ways in which short-term finance can be used as detailed below
Starting with Standard Bridging for: Chain breaking, Cash flow funding, Auction purchases, Tight transaction deadlines and Quick purchase for negotiating power
Refurbishment Buy to Let uses: Refurb properties for mortgage purposes, Change from a single residence to an HMO, Convert garage to a habitable room, Improvements to meet EPC ratings and Refurb to increase rental yield and increase value
Heavy refurbishment/conversion uses: Extensions, Loft conversions and Conversion of commercial to residential
The above are just a few examples of short-term finance uses.
Other benefits include:
- No exit fees
- No ERCs
- Interest rolled up
- AVMs (Automated Valuation Model) free of charge
- BMV (Below Market Value) purchases acceptable with lending up to 90% of the purchase price
Brooklands Commercial Finance have over 20 years of experience of working within the bridging market, so contact us today for a free initial consultation.