Bridging rates reducing

A recent survey of lenders has shown bridging loan interest rates are decreasing, this is due to the competition within this fast growing market. Lenders are keen to secure business and this is driving rates and fees downwards. More lenders are finding ways of attracting business and this is often reflected in the charges, which means it is worth shopping around for the most favourable deal.

It’s a good time to be a borrower at present with such low rates on offer plus deals are completing much faster. Bridging finance has a vast array of uses and is very simple to arrange.

Speed of completion

2015 has seen a significant reduction in the time it takes to complete on a case, again more good news for the borrower. To complete a case rapidly lenders will need all parties pulling together in the same direction. After the application is complete a survey is then instructed and this could all be done within 24 hours. On average a lender estimates to complete on a “clean case” within 7 days and on some occasions even quicker.

Here at Fastest Bridging we believe in keeping you updated on a regular basis, so as to keep you in the picture.

Need to know more?

If you are looking for more information regarding bridging finance please do call one of our fully trained advisers. We are here to help and look forward to your call.