| |
Residential
bridging finance |
| Overview
of our residential bridging finance:
Due to the unpredictability of the property
market the call for residential bridging finance
is ever increasing.
We have multiple professional contacts who
are more than willing to asses your situation,
so don't loose your dream property because of
waiting for yours to sell.
Residential Bridging Finance is usually used
when a customer is selling a property and requires
the equity out of it to purchase a new property
before their current home is sold, hence we
are bridging the gap of the sale.
Every Application is looked at and assessed
on its own merits and will be made clear and
simple for you to understand. We can arrange
short-term bridging finance against residential
property.
|
Examples
of residential bridging finance uses:-
Residential bridging finance is used as a short-term
loan to provide money until a more permanent financial
solution is in place. A residential bridging finance
can be essential in situations where there is a temporary
shortfall in cash, such as during the purchase of
property.
Here are just a few examples of when a residential
bridging loan may be used.
• To enable the purchase of one property before
the completion on the sale of another
• To enable the purchase of a property abroad.
Funding is available for the purchase of properties
abroad for your own use or holiday/investment purposes.
• Temporary funding to enable the purchase
of a 'defective' property, to provide the funds for
the completion of repairs/renovation until a long-term
mortgage can be arranged.
• To enable the urgent purchase of a property
if there is insufficient time to arrange a long term
mortgage. This could be the situation if you want
to purchase an investment property and there is insufficient
time to arrange a buy to let mortgage to complete
the purchase.
• To capital raise for any purpose, pending
the sale of the secured property.
We are not tied to any particular lender and will
search the whole market to find the most appropriate
loan to suite your needs. All lenders have different
criteria and offer various terms and conditions, for
example, some lenders will only allow 75% funding
where others will allow 100%.
Here are a few more examples of the types of things
you might be looking for when searching for your residential
bridging loan:
• Funds available within 5 days
• 100% of purchase price.
• Simple and efficient application procedure
• Interest can be added to the loan
• No minimum term (purchase only)
• Open ended bridging.
Tell us what’s important to you and we’ll
search the market to find the lender that meets your
needs. We have the latest technology which enables
us to research your residential bridging loan almost
immediately, so why spend time hunting yourself, let
us do the hard work!!!
We make no additional charge to you for this service
as the provider we source pays us an introducer’s
fee.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST
YOUR HOME.
YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP
REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED
ON IT.
For information on self certification mortgages click
here
We have produced in conjunction with Godbold a new website dedicated to property development finance, this new website offers a wide range of services along with online contact forms. For more information and to view the site click here.
Call us on 0845 130 0009
for more information or click onto 'Call me back'
above
|
Great British Finance
Limited are authorised and regulated by the
Financial Services Authority (FSA). The FSA
does not regulate some forms of Mortgage, Inheritance
Tax Planning, Credit Cards, Personal Loans,
Deposit Accounts & Insurance. If you are
submitting an online request, we would advise
to read our KeyFacts statement, links are at
the top and bottom of this page. |
|
