Everything you need to know about bridging loans, what to expect, how much you can lend, and everything in between!
A bridging loan is a flexible way to organise short-term funding secured against property already owned.
A bridging loan is a flexible way to organise short-term funding secured against property for developers, investors, and individuals.
Many utilise a bridging loan when there are time constraints on a financial deal for which a traditional mortgage would be out of the question - a traditional loan may take months to complete whilst a bridging loan can be completed within days!
Bridging loan enables you to access capital quickly when time is a major factor.
A bridging loan enables you to access capital quickly, and with the help of Finanta’s efficient and knowledgeable loan specialists, we'll aim to provide you with a decision in principle or terms, (not a principle offer) the very same day you apply, thus putting you in full control of your short-term finances.
Private individuals, partnerships, limited companies and sole traders may all apply for a bridging loan
Private individuals, partnerships, limited companies and sole traders may all apply for a bridging loan at Finanta. Simply contact our loan experts to start the bridging loan process. Our application process is fast and simple and we’ll walk you through all the necessary steps to ensure you understand the entire loan process that will provide the urgent temporary funding you require.
How much bridging finance can you borrow?
Finanta's bridging finance loans start at a minimum of £25,000.
We aim to provide a no-nonsense, simple and easy to action bridging loan process.
In the UK, bridging loans are frequently used as an eleventh-hour form of funding, so we understand this means you need approval quickly. We aim to provide a no-nonsense, simple and easy to action bridging loan process with an immediate decision given over the phone, and an initial offer within 24 hours.
There are many reasons why you may require a short term property or business finance solution.
Bridging loans are ideal for those who find themselves stuck in a property chain with a short gap between a current property sale and new property completion dates. Obtaining bridging finance can also help with time-sensitive funding problems, or assist in resolving a current cashflow issue. It may be that a business opportunity has presented itself that cannot be ignored, or perhaps you require help on the road to redeeming existing borrowings or other financial concerns. There are many reasons why you may require a short term property or business finance solution which a bridging loan can provide.
A bridging loan is secured against some form of asset.
A bridging loan is secured against some form of asset, these include:
Your repayment structure will be discussed and agreed up with you prior to loan completion.
There are no fees associated with early repayment of a bridging loan obtained from Finanta. Your repayment structure will be discussed with you prior to loan completion to ensure you have a full understanding of the repayment process and requirements.
During the application process you will agree on a secure exit strategy.
During the application process you agree a loan period (usually between 1 – 12 months) and a secure exit for the loan to be redeemed – once funds are released, we can then help you arrange your exit from the bridging finance through re-finance.