Open Bridging Loans
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.
We can provide bridging loan options and then provide mortgage solutions once the bridging loan is no longer required.
A bridging loan is a short-term loan that has the ability to give you access to adequate property finance within a small amount of time. Bridging loans are often used to temporarily ‘bridge’ the gap when there is a shortfall in funding.
You can opt to ‘roll-up’ the interest to pay at the end of the term of finance with a bridging loan. This can enable you to stay flexible, avoid monthly interest payments and use your bridging loan for the purpose it was intended. If you choose to ‘roll-up’ your interest until the end of the term of finance, you will pay the entire loan and interest upon completion of your exit plan.
A clear exit plan is a pre-requisite for any bridging loan. Every bridging loan lender will require you have an exit plan in place prior to your application. An exit plan is merely the strategy you will employ to repay the loan at the end of the term of finance. An example of an exit plan is getting long-term finance, such as a mortgage, in place.
Open bridging loans
There are two types of bringing loans: open bridging loans and closed bridging loans.
With open bridging loans the lender will not set a deadline for the repayment of the loan. Open bridging loans are usually a more expensive financial product because they expose the lender to more risk, as the lender does not know exactly when the loan will be repaid.
If you require finance quickly and you are confident that you can repay it at some point in the near future, then you could use an open bridging loan.
If you need an open bridging loan, call us on 0117 313 6058 or complete our request callback form