Some Illustrations when you may need to bridge a financial gap !

Situation 1 – Purchasing a property at auction – With land and property auctions it is normal that transfers of funds take place very shortly after an auction ends. If you have no commercial mortgage or loan in place then bridging finance is a perfect short term solution.

Situation 2 – Venture capital – Many entrepreneurs us this type of credit to take advantage of deals where money is needed now not in a couple of weeks. Because of the speed that these loans can be arranged in they are perfect for this type of application.

Situation 3 – Any legal reason – If you have another use for commercial, domestic or any reason whatsoever then you’ll be glad to know that you can use this type of credit for any reason provided that it is legal.

Many people don’t apply for 100 percent bridging loans because they expect to be rejected, or have already been turned down by their building society, local broker or bank. You may be surprised though as we can accept applications from adverse credit customers and even with County Court Judgements.

Lets now explore the price to give you an indication lets assume that you need a bridging loan of say £200000 for a 3 month period at 1% would cost you £6000. However rates can be offered at lower or higher rates.