At lastminute Bridge we know that time is of the essence – so we are on hand 7 days a week, 24 hours a day to take your call, so call us any time for a confidential, friendly chat.
At Lastminute Bridge our only aim is to provide our clients with the absolute best and most appropriate products for them and their financial needs – to ensure we exceed our client’s expectations each and every time.
We are proud to have built a reputation for being knowledgeable and well informed about our industry, and with this in mind we will sit down with our clients and select the best product on the market for their individual requirements.
To obtain funding can be difficult with complicated paperwork and procedures. This is where Lastminute Bridge comes in to help – as we have supported many individuals and businesses to get funded conveniently and quickly.
Take a look at the section on bridging loans – it gives detailed information on everything you need to know – how they work, the process for obtaining one and other important information you should know about.
Get in touch with us today and find out how we can help. We provide truly impartial advice and information, explained plainly and simply, on everything there is to know about bridging.
A quick guide to what bridging loans can used for:
- Auction finance – this is the most popular use of bridging loans. Most properties for sale via auction require a cash buyer as traditional mortgages will not support the purchase of an auction property. A bridging loan could be used to initially purchase the property until it fulfils the criteria of a mortgage lender
- House chain breaks – cash from a bridging loan can be used to purchase one property whilst waiting for another to sell
- Meeting tight transaction deadlines within a residential or commercial property transaction
- Individuals and landlords wanting to make a quick purchase
- Properties currently at ‘wind and watertight’ stage that require completion
- Buying Land – bridging loans can be used to purchase either residential or commercial land
- Buy to Let – gaining additional income or assets through buying a property to then let it out. Bridging loans can be used as temporary measures to purchase a property initially if cash is tied up in another asset or perhaps if the property requires work to commence before it is deemed mortgageable
- Development Finance- building property from the ground up or heavy refurbishment where extensions and re-configurations are taking place
Lastminute Bridge Loans for – Buy-to Let, Development, Investments
We as a Broker charge a fee of 1% of the loan amount.
Typical example: £100,000 loan, 1% of this will be £1000 payable on completion