Bridging Loans
What is a Bridging Loan
A bridging loan is a loan which is taken out to overcome a short term cash flow problem. A bridging loan works in much the same way as a mortgage but over a much shorter period. Any type of bridging finance will be secured against your property so it is vital to know you can pay back your bridging loan within the allotted time. The interest rates that come with bridging loans do tend to be quite high due to their short nature & the work involved.
Reasons why you should use National Credit for your Bridging Loan application:
- ONE clear Market Leading Rate for your bridging loan
- You have no upfront payments for your bridging loans application
- You will have a decision within 2 hours of contacting us in principal whether your bridging loan application has been accepted
- Easy 2 minute bridging loan application
- We respect your privacy and all bridging loans applications are strictly confidential
- Up to 75% LTV for bridging loans (Loan to value)
- 100% secure and confidential
Definition of a bridging loan
Bridging loans otherwise known as a bridging finance in the UK is an interest-only short term loan that can be can be secured on any type of residential or commercial property.
Uses for a bridging loan
- Chain Breaking (Client wants to buy a property but not yet sold their existing home)
- Auction Purchases (Property Acquisition and Development)
- Cash Flow Solutions (Release equity)
- Credit Repair (Including IVAs , CVA and Bankruptcy)
Quick bridging finance is available to give you the money when you need it - quick, easy and fast, often within 4 working days from your intial bridging loan quote
