In recent years, the market for bridging loan has grown rapidly as now the borrowers are engaged in completing property purchases in order to acquire their dream homes. As the societies and banks have become more resistant in the wake of financial crisis, there has been a huge incoming of bridging lenders into the market.
In simple words, the bridging loan can be defined as the short-term finance. This type of loan can even help the individuals who are planning to sell after renovating a home or help people purchasing at auction.
A bridging loan is the most convenient method of regulating short-term funding. The main purpose of bridging loan is to help people to purchase the property before selling their existing home at a high-interest rate.
While choosing the right bridging loan according to your circumstances, our consultants at ‘Finanta’ completely understand its importance and thus offers the best decision to every customer out there.
Our consultants provide their best to have the main offer with every individual on the same day and therefore putting you in complete control of the short-term finances. The loan can be used for the variety of reasons such as a rise in working capital, fast flow of cash, auction purchases, property investment, etc. Moreover, the loan enables to help you to repair credit issues or to take advantage of an opportunity.
Our criteria of bridging loan for monthly rates begin from 0.45%, where the individuals can borrow from 25000 to 20000 million mainly from 1 to 24 months.
However, interest can be built into the loan, monthly or loan to value ratio and lender’s norm. We usually arrange bridging loans for limited companies, partnerships, traders, and private individuals.
With the highest loan to the values, in some cases, we provide the total purchase price with additional security.
Our team of consultant offers a range of bridging loans that are specifically planned for purchasing properties at auction. We have our own process that carries out legal task first and then desktop valuation; thus giving more confidence while bidding on preferred slots.
Our top consultant is available for the entire duration of the auction that allows you to contact us that will surely give you a quick verbal decision. It also enables you to bid with a lot of confidence so that you can secure the apt funding fast.
Our team of bridging loan specialists believes in providing you with the best short-term funding solution all your cash needs. We deliver you a decision within just 24 hours and release the necessary funds within around 5 to 7 days.
Moreover, if a customer even opts for refinancing, then we will surely help to organize exit from the bridging finance arrangement. It doesn’t matter whether you have any bad credit history or anything, we assure you to offer you a bridging loan.