Special features of what we offer include:
Bridging finance - from £25,000 to £15 million
Quick finance - Cover short term liabilities such as auction property purchase, tax bills and where speed is critical to making things happen
Term - From 1 month to 3 years
Interest rate '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.
To investigate your bridging loan options call our finance team or fill in our call back form.
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.
This type of finance can be ideal when the clock is ticking and where funds are needed quickly.
The process for obtaining bridging finance is generally fairly straightforward, and it is really versatile with a more flexible set of criteria than is usually required by most high street banks and mortgage lenders.
Like a mortgage, a bridging loan is secured against property or asset with the typical loan to value (LTV) in the region of 70%. However, bridging loans up to 100% LTV is possible if there are other assets that can be used in the background.
Call our team today or complete our callback form.
Bridging finance come in 2 forms:
The first is the closed bridging loan. This is exclusively available to people who have already exchanged on the sale of a specific property and need the finance to secure it. This type of bridging loan can be easier to come by as the lender will consider the sale unlikely to fall though at this point.
The second type of bridging finance is known as an open bridging loan. This is aimed at people who have found a property they want to buy, but they have not yet sold their current home. As a result of the increased chance of a sale not occurring, lenders are often more reluctant to offer open bridging loans. Your chances of acceptance will be increased if you have a lot of equity in your current property.
If you are looking at finance options from Bank of Scotland and wish to compare the market call our independent team or complete our request callback form.
Call us for a FREE initial conversation on 0117 313 6058 about bridging loan options or request a callback.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.
Fair Mortgages Limited is an appointed representative of Fair Investment Company Ltd which is authorised and regulated by the Financial Conduct Authority.