BRIDGING LOANS – FREQUENTLY ASKED QUESTIONS

Bridging Loans have been one of the most popular choices for people who are looking to make property deals but are short on cash because of some reason.  Bridging loans act as a bridge for the buyers, to ensure that their transactions are not tied up. These short terms loans can be availed for a …

SHARIAH-COMPLIANT BRIDGING LOANS OFFERED IN THE UK

What are bridging loans? Bridging loans are mainly used to borrow money for shorter time duration. Primarily used by individuals who want to purchase real estate. The example in this regard is to ensure that finance is arranged in order to facilitate a purchase in the case where the individual is short of funds. Bridging …

BRIDGING LOANS: HOW MUCH CAN YOU BORROW?

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 …

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 …