Buying a new property always need good amount of investment. Sometime people have to sell their existing property to buy the new one. But as everybody know selling a property is not an easy job and is very much time consuming. By the time you get the sale proceeds, the property you thought of buying is taken by some other person. This is the problem with most of the buyers these days. Bridging loans can help you out by providing you funds when you need them.
As the name suggests bridging loans are loans that act as a bridge to fill the money gap between the time when your need for money arises and the sale of your existing property. Bridging loans are not confined to buying new property only. It can be used for any of your personal needs can be related to business needs or personal needs like buying new car, furniture, home improvement or any other requirement which can’t wait too long.
Easy Bridging Loan is secured by your existing property which you are going to sell. This property include residential properties, commercial & semi-commercial properties, auction properties, development sites, buy to let properties, retail shops, land with planning permission etc
The aim of an easy bridging loan is to provide fast money to the borrower. An easy bridging loan requires a maximum of 48 hours for its approval. The loan amount ranges from ₤25000 to ₤350000 secured against your property. You can get up to 75% of the value of the property offered by you as collateral. These loans are short term loans; hence carry a higher rate of interest. These loans can be repaid within a period of 1 month to 12 months and can be higher in certain circumstances.
Benefits of easy bridging loans:
1. Short term loans against value of your property and not the purchase price.
2. Short term property loans for investment properties.
3. Development loans for expansion of your business.
4. Loans to clients of brokers.
5. Loans to individuals, trusts and limited companies.
6. 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 the following details: your name, address and contact information, loan amount, property value, outstanding mortgage (if any). Once you have filled the form, the lender himself will contact you. Easy bridging loans are for all types of people including IVA’s, CCJ’s, defaults, arrears, bankrupts etc. Easy bridging loans will give you the right platform for a new beginning.
Peter Taylor is a senior financial analyst at Easy Bridging Loan with an acumen for finance and insurance. In recent years he has taken up to provide independant financial advice through his informative articles. His articles are widely read because of the lucid manner of wriiting and thoroughly researched datas. To find Personal bridging loan, Bridging loan UK, Easy Bridging Loan, Commercial Bridging Loan in uk that best suits your need visit www.24hrbridgingloan.co.uk |
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