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Bridging Loans
Bridging loans are usually seen as a temporary way to alleviate cash shortfalls when outlaying large amounts of money and waiting for other sources of finance.
Short term bridging loans can provide invaluable help in cases of temporary cash shortfall and can be used for a number of reasons:
- Purchase of a new property before an existing property has been sold
- Residential or commercial
- Purchase a property for improvement or extension then resale
- Auction purchase
- Complete purchase of an overseas property
- Capital raising
A bridging loan is usually for a period of 3 and 6 months, however a longer term may be justified under certain circumstances.
For more information, contact us on 01244 674 411.
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