Why bridging finance?

Q.  Why bridging finance?

A.  Bridging finance can be an effective short term financing solution, with minimal referencing and paperwork, if you need to raise capital fast to complete on a property, or another project then please contact us below and one of our dedicated consultants will contact you to discuss your options. Bridging finance is available through a number of sources such as private individuals and foreign banks operating here in the UK.

For example if you are a home owner with a mortgage and that house you have always wanted comes onto the market and you need to complete quickly.  One solution would be to bridge the purchase of your new property without having to sell your existing property in order to complete on the purchase, in some cases the bridging loan company will give you up to 6 months to sell the existing property and repay the loan.  The bridging loan company will help you raise the money you need to put down a deposit on the purchase, then the loan is repaid when you sell or remortgage your current property.

Bridging finance is also available for many other situations including commercial business.  There is no set criteria and every case is looked at on its own merits, therefore no matter what the situation is, it is always worth speaking to one of our brokers here at MMI brokers to get the best deal for you.

Secured loans are very popular at the moment as an alternative lending solution, many borrowers at the moment are on very low interest rates because of the low bank of England base rate but still need to raise some finance for the home improvements or to consolidate outstanding unsecured debt but do not want to remortgage rates the whole loan and give up the low interest rate.  Secured loan lending may be the answer.