Bridging costs reducing

The cost of bridging finance has reduced month on month in 2015 and is following the same pattern as mortgages. Interest rates and fees have reduced significantly over the last two months as finance companies battle for this ever growing market.

Business is flourishing this year as more and more people see this type of financing a very efficient way to go forward. Our advisers are telling us more clients want to complete quickly and then put a better deal in place at a later date.

We reported last week how fast deals can go through and we are pleased to report this week also will see another rapid deal complete on time. This just shows how the keen the lenders are to secure the business that is on offer and this can only be good news for the borrower.

Bridging loans for auctions

This area of investment is one of the most common uses for bridging finance. This year we at Fastest Bridging have seen a large increase of enquires about how bridging can assist at an auction.

Mainstream lenders have little or no interest in this type of funding so this is where bridging certainly comes into its own. Funding can be put in place very quickly which helps the investor meet the auctions requirements.

Find out more

We at Fastest Bridging pride ourselves on service so if you need any assistance or want to discuss a potential deal do call us. Our expert advisers are experienced in all areas of bridging and look forward to being of assistance.