Bridging Finance our advice service
When you need short term finance bridging loans can be an extremely useful tool whether its to secure a new property prior to receiving funds for the sale of an old one, or to enable you to undertake work necessary to complete on a new mortgage often you will need to get finance quickly.
As an independent mortgage broker we work with many different lenders who can advance funds in most cases in a matter of days and even as little as 24 hours. With a wide variety of options available in terms of loan to value, proof of income, credit history and security we can help you find the flexibility to make deals happen when you need them most.
Open & Closed Bridging Finance
A closed bridging loan refers to where you have a specified date for the end of the loan which may be for example when the sale of your old property is due to complete. An open bridge has no specific repayment date and will usually therefore be more expensive due to the greater risk.
Bridging loans can typically be arranged for up to one year although are usually only taken for a few weeks or months.
Business bridging finance without proof of income
It's not always possible to prove income whether that's because your buying a business with accounts that aren't up to standard or simply haven't been trading long enough. Bridging finance offers a very flexible way of making an acquisition or development without necessarily requiring proof of income.
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