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Bridge to Let
Bridge to Let.
Demand is a growing for bridging loans in the UK from buy to let investors, with a 25% increase in loans taken out since 2013 Bridging is being used more and more to fund property acquisition and refurbishment.
According to a recent survey, more and more buy to let investors are realising the benefits of bridging finance to acquire and refurbish properties. The availability of buy to let mortgages is improving but slowly, bridging provides fast, short term loans that are ideal for turning round properties quickly. Brokers have seen the buy to let demand for bridging loans leap this year and they believe this will continue in 2015.
Property prices are increasing across the UK, buy to let landlords are looking for below market value properties which will give them greater returns on their rental income. Landlords are using bridging loans to finance the development and refurbishment of properties which they may be unable to secure mortgages on.
Bridging finance has many uses and can a very quick and easy way out of a problem.
Please do not hesitate to contact us to discuss your needs and we will be happy to advise you of your best course of action.