Bridging Loan in Newcastle
Our Bridging Loan Service
Special features of what we offer include:
- Bridging Loans from £20,000 to £25 million
- Term - From 1 to 36 months
- Bridging loans for individuals, limited companies, sole traders and partnerships
- Interest roll up schemes
- Whole of market service - we work directly with UK bridging lenders
- Lowest Rates - Access to leading bridging loan deals
- Fast turnaround - speak to us today if you need to move quickly. 5 to 7 days possible.
We specialise in arranging bridging finance in Newcastle.
It is important that when you are looking to complete any property transaction you have adequate finance readily available, to ensure that you do not miss out on any attractive opportunities.
Approaching a traditional lender may not be the best course of action for those who require finance quickly. Typically, traditional lenders require a deposit of up to 25% of the value of the property. It is important to bear in mind that applications for property finance with a high street bank could take up to several weeks or even months to process.
Bridging loans are a specialist kind of loan designed solely for shorter term usage to provide a temporary cash flow solution or ‘bridge’ before additional permanent finance becomes available.
Bridging loans can be secured against commercial property, residential property, building plots or even land without planning permission.
Bridging loans may provide:
- Fast, short term finance when time is of the essence
- Finance from £50,000 to £25m
- Flexible terms of finance to suit your needs
See how much you could secure with our bridging loan calculator.
Bridging loans may be used for a variety of different circumstances including:
- For residential purchase
- Development and refurbishment
- Buying at auction
- Buying property abroad
- Extending a lease
- Completing a purchase when there is a break in the property chain
An exit plan is put in place to ensure that the borrower knows exactly how they will repay the loan. Bridging loan lenders will normally want to know what the borrower’s exit plan is before providing the funds. An example of an exit plan is where the borrower sells a property to repay the loan and the interest.
With so many bridging loans available, it is important to gather as much information as possible before making your selection. This may be a daunting task, which is why it may be beneficial to seek the assistance of a professional broker. If you require a bridging loan in Newcastle, to ensure that you get the best deal for your situation, it is advisable to contact a broker at your earliest convenience.
If you are unsure about what bridging loan is suitable for you call us on 0117 313 6058 or complete our request callback form.