Bridging Loan to Move House
Our Bridging Loan Service
Special features of what we offer include:
- Bridging Loans from £50,000 to £15 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.
To investigate your bridging loan options call our team on 0117 313 6058 or fill in our call back form.
Bridging Loan To Move House
If you are looking to move house, you need to act quickly to ensure that you do not lose the property to another buyer.
There are plenty of unforeseeable factors that may cause delays when moving house such as a break in the property chain, not being able to sell a property or simply a downturn in the housing market.
Any delay can be costly when looking to move house. If you have found a property that you wish to purchase and you are experiencing delays, then you may want to explore your bridging loan options to avoid losing the property to another buyer.
What Is A Bridging Loan?
A bridging loan is a type of finance that is solely designed for short term use. Bridging finance can provide a substantial amount of money in a short space of time, which is why it lends itself perfectly to situations where there is a cash flow issue caused by a delay. A common example of this type of situation is where an individual wants to purchase a property but has not yet sold their existing home.
Bridging loans can be secured against commercial property, residential property, building plots or even land without planning permission.
Bridging Loan Calculator
Find out how much you could get with our Bridging Loan Calculator.
Features Of A Bridging Loan
It is common place for bridging loan lenders to provide the option to ‘roll-up’ interest to pay at the end of the term of finance. This may be an attractive feature as it allows you to use your loan solely on securing your desired property instead of on monthly interest payments.
Bridging loan lenders will not provide a loan unless there is a clear exit plan in place. An exit plan is the method that you intend to use to repay the loan. An example of an exit plan is selling your existing property.
How to Get A Bridging Loan
Bridging loans are provided by specialist lenders. Unlike with traditional lenders, a bridging loan application with a specialist lender can be a straightforward and quick process.
The majority of bridging loan deals are not available on the high street and are not featured on comparison websites. If you need a bridging loan then it is advisable to contact a professional broker, as a good broker will be able to provide a clear breakdown of the bridging loans available to you and identify the best bridging loan for your set of circumstances.
If you need a bridging loan to move house, call us on 0117 313 6058 or complete our request callback form above.