Bridging Finance Broker

Whether you are buying land or a house, a bridging finance broker can help you get the funding you need to complete the project. These loans are particularly helpful for people who are looking to buy at auction or have a property that isn’t mortgaged yet. They can also be used for renovations to meet mortgage standards.

Do UK banks offer bridging loans?

Generally, a bridging loan will last a year before repayments begin. This means it’s a faster process than a traditional mortgage. And in some cases, it may be more affordable. But it’s important to understand how a bridging loan works before applying for one. You’ll also need to work out the terms of repayment.

A bridge finance broker will help you find the best deal. They will also be able to advise you on the type of finance to take. They can also put you in touch with lenders who are willing to stretch their terms, even if you have bad credit. They can also arrange your loan, so that you can move forward quickly.

Typically, the fee a broker charges is around 1% of the total loan amount. However, some brokers will not charge a fee, and others will only charge you if they secure a deal for you.

When you’re looking for a bridging finance broker, you’ll need to make sure they have experience in the industry. It’s also important to understand their fees. Some will require an upfront fee, while others will be paid by the lender after the deal is secured.