We will now look at various scenarios where getting bridging finance is the best choice. Underneath are some times you may need this type of credit !

Scenario 1 – A company needs to purchase stock – If a companies liquidity is low and it doesn’t have enough to buy a bargain lot of stock then domestic bridging finance can be used a temporary financial fix.

Scenario 2 – 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.

Scenario 3 – 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.

Those are just a few reasons why you may need domestic bridging finance, but the uses are as varied as the people who need the finance. If you like the sound of this kind of credit and think you may benefit from a bridging loan. Our website can offer more advice or individual quotations if required.

Now on to the cost a typical case for an amount of £200000 for a 3 month period at 1% would cost you £6000. Obviously each case is assesses on it’s own merits and rates can be lower or higher.