When would bridging finance be the best solution for me?
Bridging finance works in a number of situations and is often the only solution available. We can arrange for both 1st and 2nd charges on a property (1st charge is a mortgage and 2nd charge is secured finance) We have compiled a few typical examples where bridging finance would work. However there are many more situations where bridinging would work if your situation is not listed please make a quick application  and one of our trained advisors will run through which finance option is right for you.
Here are a few examples of when bridging works:
| Buying property at auction: |
All you need is a deposit and we will sort the rest |
| Development finance: |
Looking to renovate a property before selling on |
| Land purchase: |
Need to buy land before you can start building property |
| Chain failures: |
Need to buy your new house now - or lose it. Your property still for sale or not yet completed |
| Buying overseas: |
Seen a must have property and yours is still for sale or just need the deposit money? |
| Business capital: |
Need money for a new venture or simply need cash flow |
| Repossessions stopped: |
Your mortgage company looking to reposes need a quick solution?
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As you can see bridging finance has many uses. It is available on any form of property in England, Scotland, Wales and Northern Ireland. However you will need to remember that you will require an exit strategy. An exit strategy is "How will you be able to pay this loan in full at the end of the chosen term" Bridging finance is a specialist short term fix solution and is not a long term fix.
What can we do to help with an strategy?
What we will do for you is work through and arrange a viable financial solution for your exit strategy. Often this strategy is just a matter of arranging for a Re-mortgage, a Secured Loan, a Commercial Mortgage or simply a sale of a property.
Remember before you make the application this is a quick fix solution. Payments are on an interest only basis and due one calendar month after completion. Monthly payments may be "rolled up" up as a form of payment holiday if required. We can arrange the finance for you in a matter of days if you can supply us with all the information that's required quickly.
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