For investors and property professionals
Short-term loans also know as bridging loans are used when time is of the essence and investors need to secure their assets quickly, whether the purchase takes place at auction or off the market – we have access to lenders who can complete on transactions within a week.
Bridging finance can be used to purchase properties in unmortgageble condition or properties in need of improvement. Facilities allow borrowers to borrow up to 75% of the value of the property subject to valuation and lender’s criteria. These facilities can be arranged for up to 18 months. .
For home owners
Bridging finance is also used by home owners looking to complete an urgent transaction when their chain has broken. These transactions are arranged for a short period of time, typically 12 months. These loans are paid off by selling the property.