Bridging uses to expand in 2016

2015 has seen bridging finance reach new heights in lending, including speed efficiency. More and more people see this type of funding to be the way forward due to its flexibility. Lenders have been quick to see the potential and they are introducing new products to fit the growing demands.

This is great news for the borrower as the product range continues to expand and therefore giving wider uses of this type of funding. Next year will see a further lowering of set up fees and it’s likely a reduction in interest rates will follow.

As so many changes are taking place on a rapid scale it is certainly advisable to contact our advisers to see what loans are available to meet your requirements. When speed is “the name of the game” bridging most certainly fits the bill.

Fast commercial bridging

With so many new deals coming onto the market commercial bridging has taken a swift upturn. Traditional high street banks still see this type of business as viable but the length of time it takes to complete can be very frustrating. Bridging can take all the frustration out of such a deal often completing in a matter of days rather than weeks. This then allows the investor breathing space to find the correct funding for the purchase in the longer term.

Commercial bridging is a short term loan usually for 12 months or less, the loan is normally secured against the property you are buying but other options are available subject to suitability.

Looking for help?

Here at Fastest Bridging we pride ourselves on attention to detail and speed of service so if you need assistance please give one of our advisers a call. We have advisers experienced in all areas of this type of funding and look forward to hearing from you.