Bridging Finance for buy-to-lets on the up

The last twelve months has seen a huge increase in the use of bridging finance for investors in the buy-to-let market. The interest in this area keeps on increasing month on month as the buy-to-let market continues to strengthen. Here at Fastest Bridging our advisers are reporting high volumes of enquiries for rapid financing as landlords look to complete deals as quickly as possible. It is seen by potential investors as a way of securing good keen discounts on purchases as sellers like a sale to be completed within a short time frame.

We only advise the use of bridging finance when traditional methods fail, however clients are expressing a wish to complete as quickly as possible due to a shrinking market. There is no doubt the number of suitable rental properties for sale is reducing daily thus investors want speed so they do not miss out on the property they have targeted.

Multiple landlords increasing their portfolios are using bridging finance more and more as well, they see it as a way to secure properties at discounted prices. Also they see it as a “stop gap” buying them time to negotiate a far better mortgage deal once the property has been secured.

The best use of bridging finance

-Transactions on tight deadlines

-Purchase at auction

-Speed is the priority

-Undervalued property

Bridging finance isn’t the cheapest but costs are reducing as demand increases, and if it secures you an advantageous deal it can be very cost effective in the long run.

What to do next?

If you are new or an existing bridging client and would like to know more please do call one of our expert advisers. We at Fastest Bridging pride ourselves on delivering what the client needs.