I want the cheapest bridging finance but am not sure how it all works with the rates and other costs. Bridging Interest Rates The interest rates on bridging finance are charged on a ‘monthly’ basis rather than an ‘annual’ basis that is associated with most credit. The bridging rates typically range from 0.75% to 1.45% for residential bridges, and 1% to 1.95% on buy-to-lets or houses in multiple … [Read more...]
Bridging Loan Solution – I’m splitting up form partner and need short term money fast.
I’m separating from my partner and need to borrow money for a new home. Life does not always work out as intended and if you need a fast solution to a situation of relationship break up a bridging loan might be suitable for you. Owning a property with an ex-partner can be uncomfortable particularly if you feel you have to continue to live there. Alas, selling a property can take time and could … [Read more...]
Top Ten Things You Might Not Know About Bridging Finance / Short Term Loans
Short term loans for property entrepreneurs Have you wanted access to substantial funds via a loan facility? May be to purchase a property, premises or land? And at the same time you want the autonomy to repay the loan quickly. Unlike mortgages, short term finance is designed to achieve just that, it is a facilitator, provides rapid funds, and enables customers to meet their finance objectives … [Read more...]