UK Bridging Loans
Short term loans comparison from Beat That Quote
Bridging loans today are very different to the past. They are available for both personal and business clients and for property as well as other short terms financing requirements. UK bridging loans can be financed through banks as well as specialist lenders who will frequently provide a far more flexible loan service and often at keener rates.
Compare bridging loans online:
Bridging Loans are available to the self-employed and to limited companies with no accounts. You can borrow literally any amount subject to the appropriate security.
Residential Bridging Loans
Most lenders will offer:
- 100% of the purchase price available, assuming that they take a mortgage on both the property being purchased and the property being sold - subject to the overall loan to value not exceeding 85%
- Interest can be added to the loan - loan to value permitting
- No interview
Commercial Bridging Loans
Many bridging loans can be arranged on a completely ‘non-status' basis, i.e. no accounts required, no earnings proof required and any amount of CCJ's. This makes them very fast loans to agree upon and receive. Many lenders will accept the following as security:
- Auction properties
- Development sites
- Buy to let properties
- Retail premises
- Commercial premises
Lenders may advance 100% of your borrowing requirements. They will lend on the VALUE of the property, not the purchase price. So, if you have secured a bargain you can get up to 100% with absolutely no cash input from you.
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*Potential savings will vary depending on the amount you are borrowing, the rate you are currently paying and the rate you may be eligible for.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Our service is free to you but to operate this service we receive commisions from the lenders we refer you to. Loans are not regulated by the Financial Services Authority.
For loans, Beat That Quote does not and will not enter into consumer credit or consumer hire agreements as a part of its business.
