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 vying to acquire a real asset but with a lower cost, cheap bridging loan is provided to them. Cheap...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...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. Bridging loan helps in making such transactions materialize.It is a secured loan and as such it...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 that often goes beyond your financial reach. At that time only an external financial help is left for...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 help in throwing light on the issue before you take up the loans.Through this advice, the borrower may receive great help in deciding which loan opportunity will be most suitable for him. The borrowers may get an insight on borrowing the loan which is actually beneficial for them. Bridging loans are available to help the borrowers who are stuck in midst of deals of property and is not able to arrange money for completing the deals. These loans are secured loans which are borrowed by pledging the newer property with the lender. Being very short term loans, they are to be repaid in a term of 1-12 months. Also, these loans are available to the borrowers in two forms. Those borrowers who have already made a deal of their earlier property and there is just a delay in the receipt of cash, they can take up the closed end bridging loans. For those who have not yet made the deal of their older property but will do so very soon, they can take up...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
When availing a loan, it is important that the borrowed amount does not become a burden on your limited earnings. If any such loan results in high monthly outgoings, then you are likely to make payment faults. Your focus, therefore, should be on...more
Cheap loans mean that the borrowed amount comes at low interest rate and overall loan availing cost is low too. While everyone wants to grab such a loan, it is accessible to borrowers who have met certain conditions. You will get the loan only if you...more
When you are searching for a suitable loan, ensure that it comes at low overall costs, so that it is not a repayment burden on your limited financial resources. In order to ensure such a loan, you should see the annual percentage rate of interest...more