Looking for a bridging loan in Birmingham?
Special features of what we offer include:
Bridging loans from £50,000 to £25 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 for property in the Birmingham and Midlands area, call our team on 0117 313 6058 or fill in our call back form.
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.
See our bridging loan calculator to get an indicative quote based on your situation.
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 allow you to still have 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.
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.
Call us on 0117 313 6058 or complete our request callback form.
To discuss bridge financing solution for your needs complete our short enquiry form.
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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.