What an increase!

The real value of bridging loans in the UK has increased by a stunning 49% in the year to May according to the latest figures released. The figures show the bridging loan sector is going from strength to strength and shows no sign of slowing down. Here at Fastest Bridging we can confirm the increase in business which we feel is down to the high street Banks taking so long to complete on a loan. Time and time again clients tell us of delays they have experienced in the past with Banks and this is why they are turning to us for help. With the economic situation looking good all forms of alternative lending seem to be forging ahead with bridging in particular leading the way.

We are also very happy to report the cost of Bridging has reduced this year, with interest rates falling and also lower fees. These reductions follow the market trend of mortgages as lenders compete for the business and this spells very good news for the consumer.

Bridging loans have so many uses and are very flexible giving the power to the borrower. When you take into consideration the cost of these so called payday lenders bridging finance has a great deal to offer.

Some general uses of bridging finance

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. Rather than sell the property bridging can be used until a financial solution can be reached.

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.

Speed is essential

Bridging is the perfect for this situation when a short deadline needs to be met.

Like too know more?

Should you require assistance with your next project please call one of our experienced advisers and we will be pleased to help.