Demand growing for bridging finance

The demand for short term loan products for property investors has increased greatly over the last few years and seems set to continue in 2015 and beyond.

Bridging loans are used by clients for chain breaks or releasing cash in property quickly. Also for buying property where there are known issues, such as title or planning problems. 

Investors are looking for a fast solution to financing a property deal as this helps to reduce the price by being able to complete quickly. Being able to complete a purchase very quickly is always an attractive proposition for a seller and can assist in negotiating a better price.

Bridging finance is normally more expensive than the conventional route but investors are achieving huge discounts by being able to complete within days rather than months. So the extra costs involved are easily offset by the lower negotiated prices.

How long does it take?

The majority of loans can be completed within 10 days and on occasions even less, this will vary due to the complexity of the bridging loan required.

How can I find the best deal?

Bridging lenders have expanded their loans over the past 5-10 years as the financial crisis made banks and building societies far more selective in their mortgage lending.

We have a vast array of lenders specialising in all areas of bridging loans, we will source the best rate and deal to suit your needs so feel free to call us to discuss your requirements.