If your client is seeking a short term loan, secured against property or land, then this type of finance can be used to ‘bridge’ the gap until either longer term finance can be arranged or the underlying security is sold.
Bridging Finance (or ‘Short Term Finance’) is often used to purchase a property while waiting for the sale of another to complete, or when buying a property at auction, or when buying a property to renovate and sell on.
Bridging can also be used to provide funds for any kind of business purpose.
The two most important factors when it comes to Bridging Finance are the suitability of the security (property) and the assurance of the exit (repayment of the bridge).
Black Book can assist your clients seeking either regulated or non-regulated Bridging Finance wherever appropriate, and always with a guarantee of no cross-selling.
We have access to a vast range of both niche and mainstream lenders, to cater for almost any client circumstances.
Speed is usually of the essence when it comes to Bridging Finance, and Black Book is able to provide immediate decisions, bespoke solutions and a fast turnaround.
Where proving loan serviceability is an issue for clients, we have access to lenders that will agree to roll-up the interest and add it to the advance provided.
Black Book brings you access to:
- Residential Bridging – First or Second Charges
- Commercial Bridging – First or Second Charges
- Monthly rates from as low as 0.49%
- LTVs as high as 80%
For full access to Black Book’s Bridging services, please register here.
Every Client has unique requirements so for a rapid assessment, turnaround and terms either:
Call us on 0800 651 6511 or enquire online