A Bridging Loan is the term used to describe interest only, short term funding (usually no more than 12 months) secured on land or property. Speed of completion is usually critical as bridging facilities are often required to resolve a temporary cash flow problem or to meet tight deadlines. Our focus on high speed bridging loans makes bidding and buying on the same day possible, allowing you to immediately take advantage of a purchase opportunity.
One of the unique aspects of Bridging Finance is that, unlike many longer-term financial products on the market, the client is not heavily penalised for repaying the principle sum earlier than the contractual term. Both the lender and the borrower are aware from the start that the finance is only for the short-term.
Whether you need a Bridging Loan for a chain breaking facility, or for property acquisition and development, we can help you find the funds quickly. Stage payment options, which allow a client to draw down funding at various stages of their development, are also available.
Flexible payment options including interest roll-ups and staged capital repayments can be available, and if required, Bridging Finance can be converted to a long-term loan.
Call Lines Henry for free Bridging Loan advice on free phone 0800 012 6649.