Quick decision making is critical in Bridging. Brooklands Commercial Finance was able to deliver the funds to me in a very tight deadline. I would definitely recommend them to others.
Bridging Finance
When time is everything we can arrange short term bridging finance for you. Short term finance is normally secured on property on either a first or second charge basis but it can also be secured against any other asset that can be professionally valued.
Key uses of bridging finance:
- Buying at Auction – often buyers have to complete the purchase within 21 days of the sale. It is almost impossible to complete a conventional mortgage in this time frame. However bridging funds can be easily arranged in this time period.
- Quick Purchases- Some times vendors need to sell quickly for a variety of reasons. They are often prepared to sell at below market value. Bridging finance will allow you to offer the vendor a quick and guaranteed sale in return for a reduced price.
- Refurbishment- Often mortgage lenders will not lend against property that it considers to be uninhabitable. However we can arrange a bridging facility and then arrange a mortgage when the work is completed.
- Refinancing/capital raising- Bridging allows you to raise capital very quickly pending the sale of the property. Also it is available to take money out of your existing developments so that you can quickly start the next deal or to enable the purchase of one property before completion on the sale of another.
Key benefits of using us:
- Bridging secured on commercial and residential property
- Open ended and fixed term bridging
- Borrow from £25,000 with no upper limit
- Most competitive interest rates
- Interest can be rolled up for the term of the loan
- Decision in hours and money in days
- Bridging for employed and self employed
- Finance available for people with adverse credit history
- No proof of income required.
- Bridging available from 1 day – 12 months
What ever you bridging requirements are, Contact Brooklands Commercial Finance now.
