What are the uses of bridging loan?
Borrowers are free to use the bridging loan proceeds to as many uses as desired. The use of bridging loan depends on the discretion of the borrower. From buying house or property, the bridging loan amount can be used for holidays and weddings too.
What is the amount that will be lent?
The amount lent to borrowers as bridging loans ranges from £25000 to £500,000.
What form of collateral will be desired for bridging loans?
First and second charge over ones residential house and property will form the collateral for the bridging loans.
What is the term of repayment allowed on bridging loans?
The term of repayment of bridging loans at Easy Bridging Loans UK ranges from one to six months. It will further extend up to 12 months on the borrowers request.
I have been reported bad credit. Can I apply for bridging loans?
Bridging loans are available to borrowers with bad credit as well. Borrowers with all types of credit history discrepancies like CCJs, IVAs and bankruptcy are considered for bridging loans.
Can I apply for bridging loans with self-employment?
Easy Bridging Loans UK does not restrict self-employed borrowers from using bridging loans. The arrangement wherein bridging loans can be repaid as soon as possible suits self employed borrowers.
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