Buying a property?
Property professionals are increasingly using short-term funding as a useful way to quickly complete transactions. Bridging Finance Solutions often provides funds to clients within ten days, but in urgent cases funds can be quicker. Purchasers can be considered as 'cash buyers' due to the speed of completion and are regularly able to negotiate discounts in excess of our charges as they are able to act quickly and decisively.
Opportunities to purchase distressed sales, repossessions and vendors looking for a fast sale are typical uses of funding to secure the property whilst long-term funding is arranged or the property is sold. With terms from 1 day to 24 months, we are able to offer full flexibility to meet your requirements. We are able to provide proof of funds as required.
Already own property?
Likewise, If you have property security, we are able to raise funds quickly whilst the property is sold or refinanced. Typical uses include tax or VAT payments, temporary cash flow shortfalls, funding of stock or other business requirements.
The uses of funding in this area is extremely varied and is becoming increasingly recognized by professional advisors as a solution to their client's requirements.
Need to refinance an existing lender?
Many circumstances occur where an existing lender needs to be refinanced quickly. We are able to assist by way of providing fast finance whilst long-term funding is arranged or the property is sold in a controlled manner to maximise its value. With enough equity in the property, we are often able to cover interest payments within the value of the property.
Need to break a property purchase chain?
If you need to secure a property quickly but your own home has not yet sold, we can help.
If the buyer of your old property lets you down or delays completion of the sale, a bridging loan allows you to secure the new property while the problem is being resolved This facility is then redeemed on the sale of your existing property.
A bridging loan is a short-term funding option which can help you ‘bridge’ the gap between the completion of a sale and the mortgage on a new property, meaning you avoid losing your new home.
This funding option is also often used when downsizing to smaller properties in later years.