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Bridging Loans:
If you have a temporary cashflow problem because you are attempting to buy property, or a business, you need a bridging loan. Maybe you are ready to buy a new home but the sale of your current home may not have cleared.
A bridging loan is a short term mortgage which is secured by your property. The bridging loan may have a higher interest rate than your conventional mortgage, but you can gain the loan quickly to bridge the time between your purchase and your sale. They tend to be riskier for the lender who is betting on your situation. These loans are best for the person that is fairly certain of their situation and ability to repay in a few months.
Bridging Loans are also available to the people that have found it more difficult to get mortgages. This enables these people to build a track record before applying for the conventional mortgage. Bridging loans can take from 48 hours to a week. We will process your request right away to give you a solution as quickly as possible. Please fill in our quote form completely to offset potential delays.
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