Bridging Finance
A bridging loan is a lending facility secured against property for a short term, normally between one and twelve months.
Bridging loans permit true asset-backed funding. The bridging lenders we can introduce you to include banks, finance houses and private individuals.
The Lenders may be able to arrange lending up to a maximum of 70% open market value with a defined exit strategy and a first charge available against the asset. It may be possible to obtain funds where only a second charge is available, but at a higher cost.
Typical bridging purposes include:
- Borrowing capital quickly, funds can be arranged within 24 hours
- 100% purchase price funding for below market value transactions
- Purchase or refinance property in need of refurbishment/currently not mortgageable via conventional sources
- Complete property purchase prior to sale of another property
- Arranging facility using multiple properties as security
- Complicated legal requirements within property transaction
Please call our office on:
+ 44 (0)20 8445 5500 to speak to one of the EACA team to discuss your accountancy or taxation requirements