FAQ
What is bridging finance?
Bridging loan finance is secured on property and is normally set as a contract to run
For 1 day to 12 months.
How much can I borrow?
We can arrange loans from £20,000 - £10,000,000+
What purpose can I use my loan for?
Any legal purpose.
What type of property/security do you lend against?
Residential, Commercial, and Semi – Commercial
How long does it take to get the loan?
Depending on the circumstances, 2 days in some cases, the norm is around 1 or 2 weeks.
What Interest rates are charged?
Every situation is different, the rule of thumb is .75%+
Do you accept adverse credit?
We are able to arrange finance for clients regardless of their credit rating.
I cannot prove income is this a problem?
No Problem.
Will I be turned down because of my age?
Our lenders adopt a common sense view when it comes to age.Please ask for details..
Do you lend the money?
We are brokers, and as such we source the funds from the open market.This ensures that you get the best rates, and also the best service.
What are the costs in taking out a bridging loan?
The typical costs to set things up are the same as most secured –loan finance.Costs can be added to the loan, so that you don't have to pay out of pocket expenses.
The valuation is the only upfront cost – this may be paid with using your credit or debit card.
The bank has turned me down. Will this create a problem for me?
No. Almost every client that we have helped has been refused a loan by their bank.
Is bridging finance flexible?
Flexibility is the key to bridging loans.
Can I repay my loan early?
You are free to repay the loan early at any time.
Are the forms complicated?
We complete all the forms and paperwork for you.
How do I get things started?
Our consultants are available by phone or email
Is there any obligation should we contact you but not proceed?
There's no obligation, and no sales person will call you.
