Bridging loans & Bridging Finance are specifically geared towards customers that need a loan to buy property. Home buyers, landlords and amateur property developers are typical candidates, they all use this type of finance to access funding quickly rather than applying for a standard mortgage, which can take many months to complete.
Unlike traditional mortgages, bridging loans are repaid once you secure funds from the sale of the property you are borrowing against or from another funding line that may become available to you at a later date. Because the loan is secured against an asset, your credit rating is less important to the lender who will look towards the property rather than the lender to recover their loan when payment becomes due.
Furthermore, bridging finance companies tend to be more flexible than traditional mortgage lenders. It is accepted within the industry that some people develop a bad credit rating through no fault of their own and as a result, they cannot access finance that would otherwise be available to them.
Bad credit scores can easily be the result of a forced redundancy, critical illness, divorce or other circumstance that an individual could not have avoided, bridging loan lenders take this in their stride and a less interested in your credit file and more interested in the actual property that they secure the loan against.
In contrast, mortgage lenders prefer to check credit scores before deciding whether the borrower is considered a reliable candidate. Mainstream creditors typically prefer to see evidence of prompt monthly payments and loans that are paid off in full.
If in the past, you regularly made late payments, even a day or two late, some mortgage lenders will be reluctant to offer you a loan. Bridging companies do not look at credit history as critically on the grounds that loans are secured against the property.
Bridging loans are available to any legal entity including individuals, partnerships, Limited companies and LLP entities, borrowers will also need to be aged over 18, there's also no upper limited on how old you are when you take out the loan, unlike a traditional mortgage.
Easy Bridging Loans can arrange your loan with ease and will guide you through both the choice of loan and all of the processes that are associated with taking a bridging loan, because we specialise in this type of finance and nothing else, we will always have the answers to any problems that could be encountered along the way.
Get in touch now to discuss your requirement as professionals in this field and know the industry inside out, call us today or complete our online form to get things started.
Residentail All Types
Commercial All Types
Land All Types
Bad Credit Bridging Loans Who Can Get A Bridging Loan How To Pay Back Bridging Loan Terms Should I Take A Loan? Barclays Bridging Loan FCA Regulated Bridging Bridging Interest Rates Bridging Loan Calculators Non-Status Bridging Finance Find a Bridging Company Nationwide Bridging Best Bridging Providers
"Great Company to work with arranged my loan at a very good rates and was able to talk to Zara any time to deal with any problems I had
"Zara arranged my Bridging Loan with ease so pleased with the service and attention to detail I would highly reccomend Easy Bridging"
We Aways Get You The Best Rates
Interest Is From 4% PM
Guranteed Low rates
The Best Deals In The UK
Bridging Loan Interest Rates
Get Market Leading Rates
Over 80 Bridging Lenders
The Best UK Deals
Bridging Loans From £25k to £10m
Terms From 1 Month to 18 Months
Interest 4% pm