Bridging Loan Uses on the increase

The market for bridging finance continues to grow in 2015 at a rapid rate. Clients are seeking a speedy solution to a financial situation. We here at fastest bridging are seeing more obscure cases being completed on a daily basis.

High Street banks have no interest in this type of funding and we are even getting referrals from the banks to see if we can assist their clients.

Bridging finance has a vast range of uses and seems to be expanding all the time. The majority of clients are unaware of what the uses can be for, plus the speed the cash can be available.

Some uses of bridging finance

Site Acquisition Planning or Development

Very popular with us, funds can be made available within 72 hours. This ensures valuable opportunities are not missed, also buys the client time to get longer term financing in place.

Inheritance tax payments

This is a problem that can arise when a client is left with a property to pay the liability due on an estate. So rather than sell the property bridging can be used until a financial solution can be reached. This again is buying time until more suitable method of payment can be sourced.

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.