A bridging loan can be defined as a type of short term property backed finance. They are mainly used to fund borrowers for a shorter time duration while allowing for refinancing a long-term debt or selling a property. Bridging loans are mostly offered across a time duration of 1-18 months. The principal (loan amount) is […]
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How to Find the Right Bridging Loan Provider
Considering many new houses are being built every year, it only makes sense that some people will want to get their hands on one. Whether it’s through an auction or not, one thing is sure – when you find a good deal for one of these houses, you need cash, before the offer goes away […]
How to Qualify for a Bridging Loan
Although bridging loans are borrowed in different amounts and last for varying periods, a bridging loan timescale is meant to be short-term to help real estate purchases securing the funding needed to transition from one property to the next. The qualifications needed and bridging loan timescale are often much shorter than that of a traditional […]
How to use a Bridging Loan Calculator
When applying or considering applying for a bridging loan, it is essential to be aware of the total cost of the loan beforehand. Without understanding all the costs, you could face higher interest rates, hidden administration fees, or possible loan default. Often a bridging loan calculator can be used easily to find out the total […]
The complete guide to bridging Loans for Auction Properties
When purchasing a property at auction, one of the top ways to buy is through a bridging loan if you do not have the cash immediately available for the purchase. Auction purchases require funding fast, typically within 28 days of offer acceptance. Bridging finance for auctions helps bridge the gap until a long-term traditional mortgage […]
Getting to grips with the fees and costs of a bridging loan
Fast bridging loans are becoming quite popular now and can be extremely useful for consumers, making buying a home or property investment much more accessible and forgoing the usual delays of traditional loan processing. With that said, it is essential to know all of the fees and costs involved when obtaining a bridging loan before the […]
Bridging Loans for Auction, House Purchase and Renovations
When you are short on funds but want, or need, to purchase a home right away, or need to complete property renovations, a bridging loan might be an excellent option for you instead of trying to get a conventional mortgage or another type of loan immediately for the home purchase or home renovations desired. A […]
Utilising Bridging Loans for Property Development
Real Estate Developers often need help funding their residential or commercial property development projects. Getting the right financing could expedite the purchase process and decrease the overall cost of borrowing if done correctly. There are various short-term property development options on the market, but the best option available may be a bridging loan. Quite often […]
How to Find Low Cost Bridging Loans
Should you happen to find your dream residence, you don’t want to lose that home, but your current property has not sold, and you need the money fast. When you need that money quickly, what do you do? Do not worry! You still have an opportunity to reign in that palace. The answer for you […]
Understanding Commercial Bridging Loans and it’s Uses
We’ve all been in that position. Driving back from work, after one of those days where you hardly feel the difference between a Tuesday or a Wednesday. However, then suddenly an image pops up in your head. Yes, you keep on driving, but now your mind is somewhere else, you are now picturing yourself in […]
