Uses of the Bridge Finance in the UK

Without worrying about the selling of an existing property, simply by making use of bridging finance anyone can make a new property. The bridging loan gives an opportunity to make use of 80% value of funds which are held on existing property. Below are few uses of the bridge loan in the UK region.

Bad Credit History Not a problem

Most of the borrowers in London, Manchester and other parts of the UK will show interest on bridge loans when they have a poor credit history. At Bridge Direct they are eligible for a Bridge loan and this is one of the important factors where most of the banks will not show interest to offer the loan when the borrower has a poor credit history previously.

Immediate Approvals

The loan approval process of the bridge finance is much simple and fast when compared to regular bank loans. In the meanwhile, the loan approval process at the bank is very tough just because of the recent economic crisis. Bridging finance is secured against equity held in an existing property or asset you can be assured of an instant decision. 

Buying New House is Much Simplified Now

In the UK region, buying a new house is much simplified with the help of bridge finance.  Simply utilizing gap finance anyone can buy a new property without selling the old property. The Bridging finance is an instant loan and it can be useful to ‘bridge the gap’, between the buying a new property and a long-term source of the loan.

We Can Start a New Business or Project at Anytime

Most of the people assume that the Bridging finance will only use the moment when you are planning to buy any new property. However, it is fact that this finance can be used for commercial requirements also. Such as paying large invoices or tax bills, while launching new products and expanding business services to other places.

When you are planning on taking out a Bridge loan then call to Bridge Direct on 020 3136 4969 for an immediate decision. The team of the Bridge Direct is direct lenders not a broker with 30 years of lending experience.