Bridging Finance

A bridging loan is a way of securing short term money for any legal purpose as long as there is an asset to secure the funding against. This might be useful if you need to complete the purchase of a new home and your current home is not sold, or need short term funding for a business venture.

How does a bridging loan work?

Bridging finance can be arranged very quickly and is designed for short term lending of no more than 12 months, an exit strategy is needed.

Key Features
  • Can be arranged very quickly.

  • Can be secured against almost any asset.

  • Rates and fees are usually higher than other sources of funding.

  • Ideal to bridge a home move.

 

Of course it’s a little more detailed than this but that is where we really help with guidance and management every step of the way

How much does a bridging loan cost?

As you can expect there are fees involved in the process, your adviser will be able to detail these as they do vary and will depend on your personal circumstances.

For more information call our team of professional advisers on 01233 512012