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Bridging Loans
We have listed below several instances and examples of why bridging loans may be required by a UK property owner. These are only examples; your short term finance can be used for any purpose.
The monetary advance may be used when individuals are looking to purchase their home but the bank or building societies are unable to complete on the set time-scale. It is possible to borrow short term with us, and then use your mortgage, once arranged, to settle with us. Repayment terms are flexible, from one to twelve months, giving you time to find a longer term package to more suit your budget.
The easy loan may be used if an individual purchased a residential property for investment or development opportunities such as buy to let or, quite simply, a bargain from a property auction. They simply use the rent they generate, or the funds from selling their cheap property acquisition to clear the amount borrowed.
The fast payout bridging loan can be used if a home owner is seeking to raise capital from the equity in their own home, regardless of why they need the advance. We secure the short term finance on the actual property value, hopefully giving you a higher amount to borrow. You could have between twenty seven and three million pounds in your account within three days.
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Short term finance
This type of financing is commonly used by UK residents, individuals, couples or businesses purchasing houses at a property auction. Usually their banks or building societies are unable to lend until such time as the property is in a mortgage able condition, which normally is very time consuming and highly inconvenient. The bridging loan can secure the dwelling, until such time that a mortgage or remortgage is arranged.
It is also very handy and quick for companies who do not want to be locked into a long term credit agreement and who are seeking to raise money on their actual commercial premises. It gives them the advantage of being able to repay over a short period of time.
Bridging Finance is particularly convenient to counteract a short-term cash flow problem and helps improve your credit history by sticking to your repayment schedule.
Why does Easy Bridging Loans Plc stand out from other companies?
Quite simply, we are able to lend to individuals and companies even if they have an existing mortgage. We are the actual lenders, cutting out the middleman, speeding up the whole lending process, which means a fast payout. We do not conduct a credit check and your loan value is worked out on the actual market value of the property you wish to secure against. |
