Bridging Loans – Providing You with the Money You Need

Money

Do you want to purchase a new property? Or are you a developer that needs money to continue with construction work? A bridging loan is designed specifically for these needs, it will provide you with instant financial assistance to buy the home you really want or to allow you to carry on with work that is being carried out.

Bridging loans are only short-term loans; they usually last between 2 weeks and 3 years. You will pay back the loan once you home has sold or when the money becomes available through other sources. A bridging loan will carry higher rates of interest compared to other loans on the market; this is because they are only a short-term solution. You are able to lend between £25,000 and £500,000 but how much you receive will depend on the total value of the collateral that you have provided to the lender.

This entry was posted on Tuesday, May 1st, 2012 at 11:27 am 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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