Bridging costs down!

The cost of bridging finance in 2016 is likely to be less expensive than last year, great news for the borrower indeed. Interest rates and fees have reduced significantly over the last two months as finance companies battle for a slice this ever growing market. We are also seeing new incentives added to packages including assistance in funding any survey costs. These measures are normally reserved for the mortgage market but we are seeing more offers creeping into the bridging sector.

2016 has got off to a flyer as more and more people see this type of financing as a very efficient way to go forward. Brokers up and down the country are reporting more clients want to complete quickly and then put a cost effective loan in place at a later date.

With the promise of quicker completions from the lenders bridging finance most certainly looks to have a strong year ahead.

Bridging loans have a vast array of uses and these seem to be increasing all the time. The most popular use last year was to secure property quickly and therefore achieve significant discounts on the purchase price. If you are contemplating a financial deal in the future it would do no harm to find out whether this type of funding could assist you.

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We at Fastest Bridging pride ourselves on service so if you need any assistance or want to discuss a potential deal do call us. Our expert advisers are experienced in all areas of bridging and look forward to being of assistance.