Bridging Loans Financial Launches to Help Commercial Entities Secure Finance of Up to £10M
Bridging Loans are used primarily in the property market to bridge a gap in finances between the need to make a new purchase or investment and an existing debt becoming due for repayment. Knowing the money will come in, borrowers can feel confident in getting a low-interest, short term loan that can allow them to make a purchase while waiting for their investment capital to be freed up from the sale of their existing property. Alternatively property investors use bridging loans to take advantage of attractive property deals without the need to wait for a formal mortgage, with a fast bridging loan in place they can purchase the property quickly and arrange a traditional mortgage at a later date. Bridging Loans Financial helps commercial entities and individuals secure bridging finance to make their property ventures possible.