14:56 PM, 10th August 2021, About 2 months ago
Bridging finance can best be described as relatively short-term loans, normally for periods of between one and eighteen months.
Today, the cost of bridging finance is at its lowest point ever.
Main uses of Bridging Finance
Bridging loans are available for clients who can and cannot prove their income, clients with an excellent or impaired credit rating, clients who are employed, self-employed or not employed and for companies and individuals.
Flexibility is crucial to investors in today’s market and bridging finance is a strategic way to leverage investments, for landlords looking to grow their portfolio, enabling the investor to purchase below market value properties and properties that are not mortgageable. In today’s market where there are many purchasers chasing the same property, it is essential to be able to move quickly.
For a professional landlord, investor or developer, knowing where you stand and having a clear solution in place from day one, allows you to plan your next steps
With new lenders flooding the market, backed by hedge funds and private equity, each of which have their own unique selling point in terms of price, service and speed of completion, it is important to deal with a commercial finance broker who is knowledgeable about and up-to-date with the bridging market.
With over 20 years of experience in Bridging, my team at Brooklands is one of the leaders in sourcing both straightforward and complex loans. If you need assistance with any type of property finance please contact us using the form below and we will be happy to help.