Bridging Finance Specialists
Bridging loans are designed to suit your individual requirements and we have access to exclusive bridging loan lending facilities and can beat or match any bridging loan arrangements that you may have already been offered.
We can arrange a Bridging Loan from £25,000 - £500,000 on a first or second charge basis. Bridging Loan terms are available from 1-12 months with extensions available. Bridging Loan Interest rates are very competitive and can be as little as 1% per month.
We operate a flexible approach to bridging loan finance and can arrange loans for people with a good or bad credit history, self employed and limited companies with no accounts. We are Bridging Loan Specialists.
Types of Bridging Finance
- Bridging Loans for Buying Property
- Bridging Loans for Bankrupcy Petitions
- Bridging Loans for IVA's
- Bridging Loans for House Reposessions
- Bridging Loans for Auction Purchases
- Bridging Loans for Building Development
- Bridging Loans for Unexpected Tax Bills
- Bridging Loans for Vehicle Purchases
- Bridging Loans for land Purchases
- Bridging Loans for Business Development
- Bridging Finance
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A Personal or Commercial Loans Bridging Loans
Loans from £25,000 - £500,000
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More about Positive Funding and how we can help you quickly with a bridging loan from 25k to 500k
A Bridging Loan is a type of loan that is used to cover shortfalls between buying one property and selling another; or to cover businesses between funding tranches.
A prime example of a Brdiging Loan is when you might need a bridging loan would be if you're poised to buy a new home but are let down on the sale of your existing one.
To secure your new home, before it goes to the competition, you could use a Bridging Loan.
It's basically a very short term mortgage. Like a mortgage, it's a loan that is "secured" against property.
Bridging Loans can be used for reasons other than buying and selling property...
Bridging Loans
Inability to sell your old house in haste is impeding your plans to buy a new house. The quandary finds an easy solution in a bridging loan.Conventionally, bridging loan was put the use of buying houses. Borrowers secured the bridging loan on the original home, and got the loan amount for buying a new home. This amount received through bridging loan was used to pay to the broker or homeowner. Once the older home was sold off, the bridging loan was disbursed.Since then, bridging loans have found several uses. Providing business finance, buying land and property, and holidays and weddings form the uses that bridging loans are presently put to.Positive Funding has always encouraged the use of bridging loans to diverse uses. No other loan can provide money as fast as bridging loans. Bridging loan scores over all other loans on the basis of this feature. Borrowers who are in immediate need of money, like in the case mentioned above, can greatly benefit from bridging loans.The specifications or the specific requirements from bridging loan deals can be easily listed during the application process.Positive Funding encourages borrowers’ response on various aspects of bridging loan. Online applications to bridging loans have been very beneficial for borrowers. They no longer need to leave their important tasks in order to fill up the application form. Online processing of bridging loans has helped in their faster approval- the unique selling point (USP) of bridging loans.As a part of the advice on bridging loans, borrowers can easily contact the experts from Positive Funding. The experts have years of experience in the field of loans, particularly bridging loans. The advice will be helpful during the process of decision making on the bridging loan.Apply now for our no obligation quote on bridging loans. This will reveal the competitiveness of the bridging loans from Positive Funding. Bridging Loan Advice The very basic trait that distinguishes bridging loans from other loans is the promptness with which it is available. Positive Funding provide Bridging Loans and guarantees customers 24 hour Bridging Loan service. Bridging Loans are readily made available to be used for ones immediate requirements. Call Positive Funding for good advice regarding Bridging Loans: 0800 085 2575. Online bridging loan processing has added significantly to the efficiency of Positive Funding. The operations at Positive Funding go round the clock. Thus, when an application for a bridging loan comes for finance, it is immediately reviewed. The process of reviewing applications assists in the decision about eligibility of the borrower for bridging loans. An in-principle decision initiating the process of approval will be taken on the basis of this review. This will not take more than an hour. 24 hour service requires the participation of the borrowers as well. Borrowers must appropriately fill the application to avoid having the lenders deal with incorrect phone numbers, door house numbers, etc. Additionally, details about bridging loans and detail about the collateral offered needs to be submitted accurately. Positive Funding bridging loan deals require full details in order to find appropriate deals for its borrowers. Incorrect entries or entries that have been omitted will delay the search for loan deals and thus its approval. Positive Funding takes utmost care to improve the quality of the deals that it offers to its borrowers. The quality is in no way compromised to make the service faster. Bridging loan deals, arranged by Positive Funding will have competitive Bridging Loan UK rates.
Bridging Loan Financing Explained
A bridging loan is a form of finance that is usually taken out to solve a temporary cash shortfall which may arise when buying a property or business or perhaps, paying for a renovation.A typical example of when you may need a bridging loan would be if you wanted to buy a second property before you have sold your first establishment. You may need the facility of bridging finance if you are buying a property at auction - if you purchase a shop, house, offices or other business premises or land at auction, either for your own occupation or as an investment, you MUST complete within 28 days. As an auction purchase is more risky for the lender than the more usual house buyers loan, bridging loans are more expensive and you should be aiming to repay them within a shorter term ... for example, within approx. 6 months. Depending on the lender sourced, bridging loans can be obtained for self employed applicants and people with bad credit and adverse credit - those people who have traditionally found it more and more difficult to obtain credit, whether it be in the form of a mortgage or loan, will be considered for bridging finance.
How Bridge Loans Works
In the case of buying property, a bridging loan is normally secured by getting a mortgage on the NEW property and taking out a second mortgage on the property being sold - in this case, the loan will depend on a positive valuation of the relevant properties. Bridging finance can provide fast access to funding with the minimum of formalities - bridging loan finance can be used in a number of different circumstances. For example, refurbishment - buying dilapidated properties and then renovating and selling them in a short space of time. One of the most common uses is when people buy a new property BEFORE their present one is sold - a "bridge" is created, this is a "bridging loan" as it bridges the gap between the two transactions.