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You are here: Home / Bridging Loans / What are Bridging Loans?

by Payam Azadi

What are Bridging Loans?

Niche Advice offers bridging loans to those in need to purchase property quickly.

  • Free Quote
  • No upfront broker fees
  • Broker fees of £499 inc VAT for standard cases paid on completion of the deal
  • Auction, Bridging and Development Finance in one place.
  • Experienced Brokers watch our Youtube channel to learn more
  • A hand picked panel of reputable Bridging Loan lenders
  • Loans from £50,000 to £20,000,000
  • Residential, Buy to Let and Commercial Finance Exit routes
  • First Time Buyers Auction Finance
  • First Time Landlords Auction Finance
  • Light Refurbishment products offered for “flipping”
  • Bridge to Let Product to give landlords certainly and comfort
  • Complex Income structure
  • Lending on the end value
  • Regulated and Unregulated Loans
GET A FREE BRIDGING LOAN QUOTE

What are UK bridging loans? Well a bridging loan is a short term loan used to achieve a particular objective. The most common use of a bridging loan is for purchasing property in a timely fashion using existing assets but without relinquishing them. For instance, it could be that a property is on the market or at an auction at a reduced price and you need a fast bridging loan to secure it before others step in. This can be achieved by using your existing assets as collateral for the bridging loan i.e. asset backed finance.

Obtaining bridging loans can be off-putting. For most people, it is a once in a lifetime exercise and it is difficult to know where to find friendly and impartial advice for bridging loans.

At Niche Advice we are happy to arrange bridging loans for you from our comprehensive panel of providers. We will talk you through the process and terminology of bridging with no question viewed as ‘silly’ or ‘unnecessary’. We will discuss the advantages as well as the disadvantages of asset-backed short term finance without you having to make a commitment to our expert bridging loan service. We will also look at the overall context to ascertain whether a bridging loan is the most suitable funding for you or whether you would benefit from a more traditional mortgage.

Importantly, a bridging loan is not like a normal personal loan or overdraft facility from a high street bank. The terms for bridge loan are often complex and pliable i.e. they can shift during the process if the lender thinks they have you over a barrel. This is where our expertise on bridging finance really comes in its own as we know the bridging loan market and what bridging loan fees, bridging loan charges and bridging loan interest rates should apply. We will negotiate hard on your behalf, and as we are totally independent we will have your best interests at heart as you are ‘our’ customer.

Furthermore, we will ensure the lenders stay true to their initial bridging loan rates and terms and do not move the goalposts, which is the common place if you approach bridging lenders directly for bridging loans, so why not give us a try?

Also check out Bridging Loan – 2020 Commonly Asked Questions https://www.nicheadvice.co.uk/bridging-loan-2020-commonly-asked-questions/

GET A FREE BRIDGING LOAN QUOTE
Payam Azadi

Author: Payam Azadi

Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.
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Filed Under: Bridging Loans Tagged With: asset backed finance, auction finance, auction mortgage, Bridging broker., Bridging loan advice, Bridging Loan explained, Bridging Loans, development loan, fast bridging loan, Short Term Loan, What is a Bridging Loans, why use a mortgage broker

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AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA Number: 750263.

Commercial Buy-to-Let and commercial mortgages are not regulated by the Financial Conduct Authority.

Our Fees

Click here for our fees structure. A full detailed fee plan will accompany all our quotes.

Niche Advice Limited has a commercial arrangement under an affiliate programme with Check My File and is remunerated for referrals.

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If you wish to register a complaint, please write to us on the details below or call us on: 020 7993 2044.

Correspondence Address: Niche, Unit F6, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234567.

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Tel: 020 7993 2044

Registered Office: Niche, Unit F3, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG. Registered in England & Wales. Company registration number: 06599033.

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