Bridge Direct understands and recognizes many individuals
and companies require Bridging Loans for a variety of reasons. BridgingLoans, which can also be referred to as "short-term loans", or
“gap finance”, have become increasingly popular over the years.
As direct lenders, when you contact Bridge Direct you can be
assured that you will be speaking with a decision maker. They have substantial
lending capital (over £15 million) and can offer the greatest degree of
flexibility any kind of quick bridging loans.
Each and every deal is assessed on its own individual
merits, so when you are looking for a quick loan, you can be assured it will be
the right bridge loan for you.
Below are several potential reasons for using a bridge loan:
- Bridging Loans can be used if Individuals purchase a residential property, for reasons other than for their own occupation, such as an investment or development opportunity where a quick loan is required.
- Bridging Loans can be needed if Individuals are seeking capital raising on their own homes or indeed any other acceptable residential or commercial property that they own or may be purchased to get a quick loan.
- Individuals purchasing a residential or commercial property at an Auction could use Bridging loans.
- Companies seeking to raise money on their premise may apply for Bridging Loans.
- Bridging Finance is particularly convenient to counteract a short-term cash flow problem.
- Bridge Direct can complete loans, even to companies, in under 48 hours and pride themselves in providing quick loans.
- Bridge Direct lends on value no matter what condition the property is in.
In which scenarios
Bridge Direct can offer financial solutions to individuals and companies?
Bridge Direct is able to lend to individuals and companies
even if they have an existing mortgage. This form of lending is also referred
to as “Second Charge Bridging Loans".
Consider this
scenario:-
The Challenge.
A client-owned his house valued at £250,000.
He had a mortgage on his building society of £78,000. Mr. A
The client wished to purchase a residential property for
investment, the asking price was £250,000. He needed to complete the
transaction in under 4 days, thus needed a quick loan.
The Solution.
Bridge Direct lent the client a Bridging Loan of £250,000.
This amount lent was 100% of the new property purchase
price.
Bridge Direct was able to arrange this 100% funding package
by simply registering a second charge on the clients existing property and
registering a first charge on his new property.
The entire transaction was completed in under 72 hours from
the time the client decided to make contact with Bridge Direct. Another
successful quick loan.
Bridge Direct is a popular lending company that covers all
areas of the UK for bridging loans, quick loans, and short-term loans. Simply
fill out our inquiry form on their website or give them a call to discuss your
financial requirements.
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