Fastest Bridging Increasing

Due to the rapid growth of bridging finance over the last 12 months Fastest Bridging are to increase their advisory staff to cope with the demand. Over the last year bridging finance has grown month on month and looks very much like continuing in this vein.

Fastest Bridging’s operations director said “the last 12 months has seen record lending completed in record time”. “We feel this trend is to continue and have therefore increased our staff to meet the ever growing demand”. “Lending companies have without doubt decreased the red tape and time taken to complete a deal”. “This is of course great news for the borrower and good news travels fast”. “I am certain the reason for bridging’s rapid growth is down to the speed of completion and the reduction in overall costs”.

Great news indeed for the industry, all this follows the general mood within this lending sector and looks set to continue for the foreseeable future.

How long does it take?

Investors are always looking for a quick solution to financing a property deal as this can help towards negotiating a better price. Being able to complete the purchase quickly is always an attractive proposition for the seller and could help reduce the asking price.

Bridging finance is normally more expensive than going down the conventional route but investors have been achieving huge discounts by being able to complete rapidly. So consequently the extra costs involved are very easily offset by the negotiated lower price.

The average loan from start to finish can be completed within 10 days and on many occasions even quicker, this can vary due to the complexity of the case.

Need advice?

If you require assistance with your next project and you feel bridging could help please do call one of our experienced advisers and we will be happy to help.