Bridging Finance Broker

Using a bridging finance broker london can be a good option for those looking to buy investment properties. A specialist will have access to a range of lenders and will know which deals are best suited to your requirements.

Who offers bridging loans in the UK?

As well as being fast and flexible, a bridging loan can be used to fund the purchase of a new property before the sale of an existing house is completed. A bridging loan can also be used to pay for refurbishment work, for example on a commercial property.

A bridging loan is often a short-term finance option that requires substantial collateral. As a result, the interest rates are higher than those of mortgages and they usually take between 12 and 24 months to complete.

In addition to paying interest, borrowers will have to pay fees to the lender. These fees can be up to 1-2% of the value of the loan. Some lenders charge an upfront fee, while others work with brokers. The best way to avoid these fees is to use a broker.

A bridging finance broker can save you time and money, as they have a network of lenders and are able to negotiate lower rates for you. Using a bridging finance broker will also save you the time and hassle of completing the paperwork yourself.

A bridging finance broker will make sure you get the best deal, avoiding lenders with high rates and onerous payment terms. They will also guide you through the process.