Are you looking for a short-term loan to make a payment for your newly purchased property? Let BridgingFinance4U help you out. We are leading bridging loans and bridging finance service provider in the UK inc Northern Ireland, aiming to help you bridge the gap between purchasing and receiving the money or a mortgage to pay for your new property or commercial property development or business funds.

What is a Bridging Loan UK London, Scotland, Northern Ireland?

A bridging loan is quite different from a standard loan that often lasts just for a few months. They are usually preferred to get funds for a specific duration of time, so you can either manage another long-term finance or sell a property. You can get bridging loans for one month up to twenty-four months, with the full amount payable at the termination of the period. In certain situations, the duration can last longer than twenty-four months, depending on your repayment strategy. Unlike other types of loans, the monthly interest is factored into the loan, which means you are not required to repay any amount during the loan period.

How Do They Work?

Bridging loans differ in their terms based on the company you choose and the amount you borrow. However, the lenders usually offer repayment duration of 1 to 24 months. When you choose bridging loan from BridgingFinance4U, we will allow you to borrow money against your any type of property and give you the liberty to repay the amount at your convenience. We aim to source you the lowest possible percentage of interest depending on the amount and length of the loan you request for.

What Are the Types of Bridging Loans?

The bridging loans are basically of four types: open, closed, secure and unsecured. Any type of loan you need depends on your circumstances.

#1 Open Bridging Loans – Open bridging loans have no particular end date. You can repay whenever money is available to you. This type of bridging loan tends to last for up to twelve months, or even longer.

#2 Closed Bridging Loans – Closed bridging loans have a definite end date, which means when you know when money will be available to you to pay for what you have owned.

#3 Secure Bridging Loans – Secure bridging loan allows you to get a loan against your possessions, such as property development or a car. This is particularly useful when you don’t have a good reputation score.

#4 Unsecured Bridging Loans – Unsecured bridging loan doesn’t require you to offer any property to get your loan approved.

When a Bridging Loan Can Be Useful to You in UK?

Just Bridging loans can be arranged in a very short notice with flexible repayment duration, and therefore, they are increasingly used for a number of reasons, such as purchasing a property, buying to-let properties and property development investments. Since you require funds for a short time period, they are often the cheap bridging loan option to raise funds immediately. With flexible lending criteria and lesser security checks, the loan can be arranged more quickly compared to other loans. Whether you are living in London, Sheffield, Edinburgh or Middlesex, BridgingFinance4U can help you arrange funds for a number of reasons:

Quick Property Purchase – If you come across a property at an unbelievable price and you can’t miss to let it go just because you don’t have sufficient funds at the moment, then a bridging loan from us can help you arrange quick funds. You can get money against the security of properties you already own. Then, you can either sell the property to generate quick profit or pay back the bridging loan after the term ends.

Finance for Renovating or Restoring Properties – Properties are considered unsuitable for mortgages when they are in poor condition or they don’t have proper bathroom and kitchen. BridgingFinance4U can lend you money against property that other brokers consider unsuitable. This is particularly useful for landlords and real estate agents who want residential development finance to buy a property, then renovate it and sell it for a better profit.

Irregular Cash Flows – Many times business owners face cash flow problems. If you are late to settle accounts or if a monthly instalment is due in next week, but you are not prepared, then you may find yourself struggling to meet your financial needs. This is when a bridging loan from BridgingFinance4U can help you out by providing short-term funds to pay all your dues.

Buying a Property at Auction – When you win a property at auction, usually a 10% of the total amount needs to be paid the same day to secure your bid, while the rest of the money can be paid in 28 days. With the help of top bridging finance loan company, you can arrange funds really quick and ensure you are able to complete the purchase before the last date.

Preventing Repossession – If you have a property that is due to be repossessed, a swift property bridging finance UK can help you pay off the money and avoid repossession. This allows you to gain control over your property, so you can sell at your own will rather than facing a forced sale situation.

Short-term Business Issues – A business may face a short-term liquidity issue due to a bill that has not been paid on time. In this situation, a commercial bridging loan could be helpful to you to pay your invoices and employee wages. As soon as the outstanding bills are paid off, you can repay the bridging loan.

Why Choose a Bridging Loan in UK?

Bridging loans have a number of benefits compared to a buy-to-let mortgage. It is quick to arrange with turnaround times of generally 5-21 days. Just Bridging loans should be not seen as a longer-term loan, but a supportive form of finance to get you out of your present situations. You must have a strong financial condition and a clear exit plan before you apply.

Rapid to Get – When you require a huge amount of money on an urgent basis, you can opt for a bridging loan. Commercial, residential, business or but-to-let mortgage may take weeks or months to get approved. On the other hand, bridging loans can be arranged immediately and you will get money in your bank in as little as 5 days.

Get Loan Against Any Property – Unlike other traditional loans, bridging loans can get approved against any type of property. Be it flats, houses, shops, maisonettes, commercial units, care homes, complexes, offices, lands or plots, BridgingFinance4U can help you get the loan regardless of the type of property you have.

Secure Loan Against Property in Poor Condition – You can get a loan if you have a property in poor condition or need major restoration. Commercial bridging loans often opt when the property is not suitable to the mortgage provider.

Flexible Lending Criteria – You will come across many bridging loan providers having their own lending criteria. However, at BridgingFinance4U, we are only concerned about the property you own and present mortgage score. We are not concerned about your finance reputation history, income or affordability. You can quickly get a bridging loan against the value of your property development without any strict policies.

Use Multiple Properties as Security – You can use more than one property as security to get a bridging loan. For instance, if you need to pay the full amount to buy a property, you can arrange bridging loan by making use of the first charge on the property to buy along with a second charge on a second property that is on the mortgage already but has equity available.

Who Can Apply for a Bridging Loan in London, Scotland?

Anyone who is in need of quick and short-term money can apply for this loan. Bridging loans are usually used by real estate agents, property developers, landlords and investors who are willing to buy a property while waiting for the existing to get sold. This type of loan allows them to take advantage of an easy form of lending while purchasing any property or paying a debt.

Landlords and home buyers generally apply for bridging loans in order to secure a great deal on the property by making payment immediately. They also use bridging loans to purchase the property being sold at the auction where they are required to pay the winning bid amount.

Bridging loans are also preferred by some businesses who are involved in equity financing where capital may be required for months. This bridging loan can help the company to make payroll and use them to cover the operational cost of the business.

Who Are We?

Given the number of financial service providers in the UK, it becomes truly baffling to choose the right lender and the right product. Some offer hundreds of services to only large enterprises, while others are specialist bridging loan providers offering tailored services. At BridgingFinance4U, our aim is to simplify this process. Our range of services will not only provide the capital you need to flourish your business or acquire new property or property development but deliver utmost customer support.

BridgingFinance4U is a leading bridging loan broker in the UK inc Northern Ireland that offers easy money lending solutions to businesses and individuals regardless of their requirements. Over the years, we have acquired the trust of many clients by offering 100% bridging loans suitable to their needs. Having built strong relationships with our customers, we have honed our knowledge to source reliable finance suppliers and offer you the best price and arrangements. This has allowed us to create favourable terms and conditions with our financial partners, which would not have been possible if you approached them directly. We combine our deep insight and knowledge to help you provide the best finance deal.

Why Choose BridgingFinance4U?

In this fragmented loan industry, businesses and individuals can benefit from the most competitive bridging finance loans in UK London, Birmingham and Enfield to arrange quick money. BridgingFinance4U sets itself apart by offering a truly customer-centric approach, exceptional market knowledge and resourcefulness required to provide the best services. Whether you are looking to expand your business, gain possession over property or require financial help to ease your cash flow, BridgingFinance4U is readily available to provide professional financial solutions to address all your business and commercial concerns. Being a reputable master broker and packager in England, Scotland and Wales, our services are backed by years of experience and knowledge to ensure you get tailored solutions for guaranteed success in your business.

No matter what financial situation you are into, our team of finance experts aims to source the most competitive solution that will be highly advantageous to you. In recent years, we have worked with a number of business and property investors alike and have exceeded their expectations, which has become possible because of our tireless efforts and sheer determination. From the second charge, to finance and bridging loans, we have access to the latest products and offer some of the lowest possible interest percentages. Since each product works in a particular situation and has its own benefits, our financial advisors will help you choose a product that suits your need the best.

As one of the leading bridging loans master brokers and packagers, our main goal is to focus on your requirements, making sure you are 100% satisfied with our services. We strive to come up with the most competitive funding strategies for organisations in order to help you grow your profit and expand your business. Not to forget to mention, we are highly praised in the finance sector for offering ideal funding solutions that match any business ethos and values. We are speed regulated bridging loans by the strict rules of the Financial Conduct Authority, so rest assured that you will get the funding services of the highest standards.

Come to us rather than approaching every lender and we ensure to arrange funds for you in a very short time. This is because we work closely with a number of private lenders and funders to help you raise funds for your any financial requirement. At BridgingFinance4U, we work hard to do everything to make sure your case goes smoothly through and as quickly as possible to completion.