Non Status Bridging Loans
Non Status Bridging Loan Service
Looking for a non-status bridging loan?
Non status bridging loans allow you to secure funding without reference to your personal finance situation including credit history. The lender providing the finance is solely concerned about the asset the finance is secured on.
Special features of what we offer include:
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Non status bridging finance - from £50,000 to £25 million
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Quick finance - Cover short term liabilities such as non property purchase where speed is critical to making things happen
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Term - From 1 month to 3 years
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Interest rate roll up schemes
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Whole of market service - as a broker we work directly with UK bridging lenders
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Lowest Rates - Access to leading bridging loan deals
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Fast turnaround - speak to us today if you need to move quickly. 5 to 7 days possible.
To investigate your non status bridging finance options call our broker team on 0117 313 6058 or fill in our call back form.
Non Status Bridging Loan Broker
The process for obtaining non-status bridging finance is generally fairly straightforward and 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 in the region of 70% however up to 100% bridging is possible if there are other assets that can be used in the background.
Call our team today on 0117 313 6058 or complete our callback form.
Types of bridging finance
Bridging finance come in 2 forms:
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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.
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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 have not yet sold their current home, and 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
Short term finance is more expensive than long term funding, however with the extra cost you get speed and convenience.
If you are looking at non status finance options call our bridging finance broker team in Bristol on 0117 313 6058 or complete our request callback form.