Easy Bridging Loans Uk- Gives You The Right Way
Buying a new land always needs a good amount of savings
. Sometimes people have to sell their present land to buy a new one. However, selling land is not a simple job and is very time consuming. By the time you get the sale proceeds, some other person takes the land you thought of buying. This is the problem with most customers these days. Easy bridging loans UK can help you out by providing you funds when you need them.
As the name suggests, they are loans that act as a bridge to fill the money gap between the time when your money needs arise and the sale of your existing land. They are not restricted to buying a new land or property only. It can be used for any of your personal needs that can be related to business needs or personal needs like buying new car, furniture, home improvement or any other requirement that cannot wait too long.
Easy bridging loans UK are secured by your existing property that you are going to sell. This property includes auction properties, commercial & semi-commercial properties, residential properties, development sites, retail shops, land with planning permission and many more.
The aim is to provide fast money to the borrower. The loan amount ranges from 500 to 100,000 secured against your property. These finances are long-term loans; hence, they carry a lower rate of interest. They can be repaid within a period of 25 years and can be higher in certain circumstances.
Benefits:
1.They are long-term loans against value of your property and not the purchase price.
2.Long-term property loans for investment properties.
3.Development loans for expansion of your business.
4.These finances can be availed by clients of brokers.
5.They are made available to individuals, trusts, and limited companies.
6.There is an Option to apply online with reduced paperwork and faster approach.
7.There is also an option to extend the repayment term to suit to your circumstances.
You need to fill an application form with your name, address and contact information, loan amount, property value, outstanding mortgage. Once you fill the form, the lender will contact you. These finances are for all types of people including IVAs, defaults, arrears, and bankrupts.
by: desy gill
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