All Bridging Loans Are Secured

Do you want to purchase a new home whilst you current home is up for sale? A bridging loan can help you do this, they will provide you with the money you need to purchase the new property you want, whilst allowing you to leave you old home up for sale so you can wait for a good enough offer.

A bridging loan will be secured no matter whom you take one from. So you will need some form of collateral that you are able give to the lender. Types of collateral you can use are things such as your home, valuables, your car, heavy machinery and many other things. Bridging loan lenders vary with how much they are willing to lend; most will range from £25,000 to £500,000, and the usual time period for repayment is 1 week to 2 years.

The best place to look and apply for bridging loans is online, this allows you to compare interest rates and find the right lender for you.

This entry was posted on Thursday, May 17th, 2012 at 3:43 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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