Rapid rise of bridging finance

Bridging finance has grown in status year on year and is going from strength to strength. In terms of lending there is little doubt bridging finance has grown in stature faster than any other form of financing.

Experts believe this rapid rise is down to three main factors which made bridging so popular in the lending market place.

1. Speed of completion
2. Ease of application
3. Large range of uses

In these hard times of financing it has become more important than ever to be able to complete a deal on time. Bridging loans deliver funding quickly and efficiently which is something high street and private banks just cannot do.

Over the last two years bridging companies have expanded the loans available to consumers plus they have a vast array of uses. Interest rates have also reduced drastically and are now very much in line with other regular forms of lending.

Popular uses of bridging finance

Buy-to-lets

Probably the most popular with us now, helps fund a purchase quickly and can assist in negotiating a reduced price.

Buying at Auction

Becoming more and more popular with clients and allows completion that meets auction demands.

Tax liabilities

Bridging is popular when a tax demand is made for a sum that cannot be raised in the timescale given. The loan can be secured against the business premises or other suitable assets again buying valuable time.

Need help?

If you have a financial situation and need clarity of what can be done call us now and we will be very happy to talk things over.