Bridging
Specialist Bridging Finance solutions
Short term funding, or to use its well known term, Bridging Finance can provide fast access to funding with the minimum of formalities.
Bridging finance can be used in a number of different circumstances, such as refurbishment – buying dilapidated properties and then renovating and selling them in a short space of time. One of the most common usages is when people buy a new property before their present one is sold – “a bridge”.
With bridging finance, the loan will always be secured against residential or commercial property. A first or second charge will be taken against new or existing property, or a combination of both. Another great use for bridge finance is for people who purchase property at auction, where funds are required quickly.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Your Home may be repossessed if you do not keep up repayments on your mortgage or another debt secured on it
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