BRIDGING LOAN
A bridging loan is a type of short-term property backed finance. They are often used to fund you for a period of time whilst allowing you to either refinance to longer term debt or sell a property. Bridging loans are usually offered for between 1-18 months, with the loan repayable in full at the end of the term.
Bridging finance can generally be arranged quicker than a normal mortgage and can be secured on properties that may not be eligible for traditional mortgage finance.
WHY USE A BRIDGING LOAN?
Clients who are looking for a Bridging Loan can use them for a variety of purposes. Efficient, effective and quick, there are Bridging Loans available to individuals, sole traders, partnerships and limited companies. We can help find products that can cover:
- Auction Purchase (quick completion time frames)
- Chain Break (bridging the gap between purchases – expected or not)
- Light/Heavy Refurbishment (small / large renovation works)
- Development Loans (smaller development projects)
- Below Market Value Purchase (discounted purchases)
- Capital Raise (for almost any purpose)
Your Home may be repossessed if you do not keep up repayments on your mortgage or another debt secured on it.
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Mortgage Calculator
Your Home may be repossessed if you do not keep up repayments on your mortgage or another debt secured on it.
Groveland Finance is a trading style of Aftab Khan, an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority FCA number: 832971. Registered address: 60 High Street, Wimbledon Village, London, SW19 5EE
There may be a fee for mortgage advice. The exact amount will depend on your circumstances and will be agreed before any cost is incurred, and may be up to 1% of the loan amount
Commercial mortgages, some forms of Buy-to-Let mortgages, and Conveyancing are not regulated by the Financial Conduct Authority