There are many reasons why a short-term or bridging loan may be the most appropriate and simple solution.
You may want to:
Buy a new property before selling the previous one, or...
Buy a property from an auction and you need to raise the cash quickly
...but you may also want to:
Purchase land or even property abroad
Refurbish an investment property and sell on in a short space of time
Raise the money to pay a tax bill
Cover any temporary cashflow problems
Go on a luxury holiday
Pay for a wonderful wedding
Whatever you want to do, secured against residential or commercial property you can be sure that a bridging loan provides fast access to funding with the minimum of formalities, taking an average of 7-10 working days from enquiry to completion.
SECURITY MAY BE REQUIRED.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.
