The knowledge and experience of everyone at FOCUS shine through at all times and they always deliver exactly what I've needed on each of the occasions that I've engaged the firm. They are a great team - all highly efficient, knowledgeable and extremely personable.
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01865 813 302
or use contact form:Bridging Finance
If you need finance quickly and are unable to arrange long-term mortgage finance immediately then short-term Bridging Finance might be the answer.
Mortgages for Business has access to a number of Bridging Finance / Loan providers and can arrange finance quickly so that you do not have to miss-out on your chosen property purchase!
Bridging Finance is a short-term loan to an individual or a company secured against residential or commercial property. The loan is repaid once the property is sold or refinanced with a long-term lender.
- Bridging Finance is normally secured by way of a first legal charge over the subject property. Second charge Bridging Loans can also be considered if you have significant equity in your property and require funds for a short period of time.
- The term of the loan can be as short as 1 day and usually up to a maximum of 12 months.
- Loan amounts generally start at £25,000 with no maximum.
- Interest Rates start from around 1.25% per month with the possibility to roll up interest during the loan period.
- Decision in Principles can be arranged within a matter of hours with funds released within 72 hours if required.
Investors are increasingly using Bridging Finance as a useful way to expedite the completion of their proposed property purchase.