Bridge loans are used for various financing purposes such as property, commercial bridging loans, and even personal and refurbishment loans. Many homeowners selling their current homes are getting bridging loans to finance a new home while waiting for the existing home to sell.
On the other hand, you can also use a bridge loan to fund interim expenses while waiting for long-term financing.
Securing financing for your land, asset, or properties is no longer a tall order. Bridging loan providers like us have simplified the process for you.
Please fill out our contact us page with your information. After verifying and possibly contacting you for more information, we determine the best lenders for you based on this information.
Once this is completed, we contact the appropriate lenders and get back to you with preliminary indicative terms (bridging loan rates and other fees).
We ask you if you’re satisfied with the offer, and if you answer in the affirmative, we submit your request to our underwriting team.
If approved, your loan application will be processed. We then submit all required documents to the lender for their final approval.
Lastly, a solicitor checks your case, and if you agree to the terms, your loan will be approved, and your bridging loan paid out to you!