Bridging Loan In Glasgow

Bridging Loan Service

Looking for a bridging loan in Glasgow?

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Special features of what we offer include:

• Bridging loans from £50,000 to £15 million

• Finance for property downsizing, auction purchase

• Property development and refurbishments

• Terms of finance from 1 to 36 months

• Interest roll-up schemes

• Bridging loans for individuals, limited companies, sole traders and partnerships

• 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 team on 0117 313 6058 or fill in our call back form.

How do bridging loans work?

Bridging loans are frequently utilised as an answer to a temporary cash flow problem. A common example of this type of situation is when a person wishes to buy a property but still needs to sell their existing home. A bridging loan can, in these circumstances, provide a solution by offering short-term funding.

Bridging Loan Calculator

See our bridging loan calculator to get an indicative quote based on your situation.

What situations might require a bridging loan?

You can use a bridging loan for the following:

• Beating  the competition - Securing a property quickly before it is snapped up by another buyer – even if you have not yet sold your current home

• Supporting chain breaks - bridging finance can help you force through a property purchase – for example, if the sale of your old house falls through, a bridging loan can provide sufficient funds to purchase the new house

• Buying an auction property?  – use a bridging loan to pay the required percentage needed to secure the property on the day of the auction

• Need funds fast?- Get a fast, temporary cash injection when you most need it during the property purchasing process. The ability to move quickly can make the difference on any property transaction.

• Development finance - If you are buying property to redevelop and you need finance to get your project off the ground, then a bridging loan could help make the difference.

Types of bridging loans

Bridging loans come in two varieties.

• Closed bridging loan - This is exclusively available to people who have already exchanged on 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.

• Open bridging loan - This is aimed at people who have found a property they want to buy, but have not yet sold  their current home. Due to 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.

Next steps

Bridging Loan Calculator - Market Leading Rates From 0.43% pm »

Call us on 0117 313 6058 or complete our request callback form.