Generally a large sum is required when you have to accomplish a big project. Buying of a home or any other real estate asset can be one of your projects. These projects require large sum for their procurements that is usually absent with most of the individuals. Sometimes, you just need a sum that is repaid instantly when you get an ultimate financial help on yours. Considering the typical situations with the borrowers, now short term bridging...more
Financial preparation is a must in doing any thing. It is even more important in buying a new property. Lack of finances at the right time can lead to frustration because of the fear of missing an attractive opportunity. Quick bridging loan is a viable way for tackling such deficiencies in finances. Quick bridging loan usually fills the cash gap that arises while purchasing a new property and selling the existing one. This loan can be used for...more
The factor of time is one of the deciding criteria that affect the borrowing of a loan. According to the situation when you need money quickly to bridge some important property deals that are underway, you require a loan which will provide quick money in big amounts. But before settling in on one option, it is better to pay heed to some bridging loan advice and only then taking a decision. While taking up a loan to cover those shortfalls of cash that occur in property deals, it is very important to take up the right decision so that there is no repentance in the future. The borrowers of these loans should know that these loans are secured loans as they involve big amounts of money. So for getting approval, it is required that the property that is prospected to be bought has to pledged as collateral with the lender for these loans. Also, these loans are interest-only loans that make it easy for the borrowers to handle them. Only the interest amount has to be paid to the lender during the term of repayment which is 1-12 months long. The principal amount has to be repaid at the end of the term when the borrower manages to sell his earlier property and arranges the money. Since...more
Buying real asset is really a cumbersome task for anyone, as it takes a high budget. Whether you have to buy a home, a land plot, a commercial plot all these requires a hefty amount form your side. Generally, financial assistances for these purposes are provided on a high rate that can cost you highly. To help the borrowers who are passionately...more
Selling an existing property in order to raise money for buying a new one usually creates a financial gap. A bridging loan particularly caters to this kind of cash gap that arises during a real estate transaction. Bridging loan also fills up temporary shortfall while buying property at an auction. A bridging loan is a secured loan where a...more
Selling an existing property in order to raise money for buying a new one usually creates a financial gap. A bridging loan particularly caters to this kind of cash gap that arises during a real estate transaction. Bridging loan also fills up temporary shortfall while buying property at an auction. A bridging loan is a secured loan where a significant property has to be placed as collateral. It includes residential properties auction properties commercial and semi commercial properties development sites retail shopsIn a bridging loan, heavy machinery and inventory can also function as security.The loan amount approved in a bridging loan ranges between £25,000 and £500,000. The loan is offered on the value of the collateral and not on the purchase price. A method called loan to value ratio is used for calculating the loan amount. Generally up to 80% of the total value of the property is approved in bridging loan. Bridging loan can be obtained in two types - closed bridging loan and open bridging loan depending upon the status of the property deal. If the deal has already been finalized, then the loan will be a closed one. But if the...more
Property market is now in the boom and transactions occur very often. Attractive offers are floated regularly. But to avail them a lot of money is required and people often don't have ready cash. Absence of finance means forgetting the deal for ever....more
Often you feel the dearth of finance for a shorter while. Your resources are at distant and you can't take usages of them at a time you require it. Especially, when you have to buy a real estate property, it takes a hefty some on its procurement...more
When stuck in a situation where it is required for you to get money for completing a property deal, it may not be trivial to do so. It is better to know the criteria first on which the loans should be borrowed. A bridging loan advice may be able to...more
It not of surprise on that a piece of land or an ideal home has made you sleepless. You have accepted the offer without thinking a bit about the required finance. Only the snag you find is to get the instant accessibility to a large amount of money....more
Businessmen who are in need of money to provide a boost to their business may be thinking that getting the finance may be difficult. But if they look around well, they can get the opportunity easily and get the money through a commercial bridging...more
What if due to some reasons your financial resources gets exhausted amidst developing a project? You cannot simply delay the project for a while because of financial crunch. With each passing day, the cost factor increases and you are bound to face...more