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For the borrower, the benefits of Bridging loans are many and varied: |
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Considerably quicker and simpler to arrange than conventional residential mortgages. |
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Perfect for a wide range of personal and business financial situations, including cash flow emergencies and quick turnarounds when buying, renovating and re-selling properties for profit. |
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Bridging Loans are highly suitable as a quick method of exchanging contracts, winning contract races and as a fast means of completion, particularly when purchasing at auction. |
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The loan will always be secured against a residential or commercial property or a plot of land, and a first charge will be taken against new or existing property. |
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