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Bridge to Let !

Bridging and buy-to-let

March and April this year has seen a large increase of borrowing for the buy-to-let investor. Here at Fastest Bridging we have seen a marked increase in bridging loans for this market area especially with clients increasing their portfolios.

Suitable properties for this market are becoming hard to find and investors need to act quickly to secure the property they have sourced. One of our regular clients told us “you have to act with speed when you find the right property and bridging fits the bill”

Bridging is seen to be expensive but clients are becoming more aware to the advantages this type of financing offers especially when speed is essential.

Properties for the buy-to-let market are in high demand due to a large number of new investors entering this market place. The new pension regulations came into force this April which has created a new silver landlord. All these factors added together is creating a shortage of suitable buy-to-let properties for sale. This in turn is beginning to drive up prices of the lower end market properties and no doubt in time will lead to increased rents.

 

Why Bridging?

- Very fast completions (Clean case can be just 7 days)

- Negotiate lower price of the property

- Breathing space to find the right mortgage to suit you

- Open bridge (No fixed repayment date)

- Closed bridge (Fixed repayment date known)

- No proof of income

 

Need help?

If you require any assistance please do not hesitate to contact one of our experienced advisers.