Self-employed and bridging finance

This ever increasing sector of the UK workforce is probably the most in need of specialist financing. The majority of high-street banks are just not interested in lending to the self-employed as they class them as high risk.

This also applies to not only the self-employed but pretty much any working person in non-standard employment. Regular lenders seem to class this category of the work force as “too difficult” thus the need for specialist lenders.

Bridging finance is ideal for this category of client as income checks are not required and therefore no need to produce previous year’s accounts.

This financial year has seen bridging finance surge forward as banks continue to labour over specialist funding. Here at Fastest Bridging self-employed lending makes up 18% of our business this year which is 5.5% higher than the same period last year.

The industry’s rapid growth just goes to show how investors have become aware of the ways bridging can assist their business to grow. This type of funding is so quick and easy with the majority of “clean cases” completing within 14 days.

One of our long term customers quoted “If you are self-employed and need to finance a project quickly and efficiently then you should try bridging, it most certainly works for me”

Like too know more?

Please call one of our experienced advisers and we will be happy to discuss your requirements.