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How Bridging loans offer a cheap, fast and flexible method of property finance

Bridging loans offer a cheap, fast and flexible method of property finance where funding is needed for up to 12 months. Funds can be arranged within days or in advance, giving you the flexibility you need.
Bridging products with a term of up to 12 months include:

RESIDENTIAL BRIDGING LOANS

  • Residential Property Purchase - Up to 85% of purchase price on discounted transactions (100% with additional security),
  • Residential Refinance - Up to 70% LTV,
  • Residential Property Refurbishment - Up to 70% of the value plus 70% funding of refurbishment costs,

COMMERCIAL BRIDGING LOANS

  • Property Purchase (Investment) - Up to 80% funding for blue chip or government tenanted, investment purchase,
  • Property Purchase (Owner Occupied) - Up to 50% funding for purchase of your own business premises.
  • Commercial Refinance - Up to 40% LTV,

USES INCLUDE:

Short term capital raising - Borrow against one or more residential investment properties and use funds for any legal purpose eg:

  • Property renovation
  • Childs education bills
  • Car purchase
  • Deposit for another property
  • VAT payment
  • Holiday

Government Seeks to Simplify Financial Services for the Consumer

The Government has come a step closer to developing a set of simple financial products in order to allow consumers to negotiate the financial services industry more easily.

HM Treasury is well-placed to introduce the range following the publication of final recommendations from an independent steering group, which was set up by the Government in order to look at the potential issue.

The group, chaired by former Head of Risk at Lloyds TSB, was asked to look at how financial products – including savings accounts and life insurance policies – could be simplified.

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RICS Call for Government to Boost Funds for UK Housing Market

Ahead of next week's Budget statement, the Royal Institution of Chartered Surveyors (RICS) has called on the Government to deliver the funds needed to boost the UK's housing market and provide the infrastructure that the country needs.

The trade body highlighted that in December's Autumn Statement, George Osborne reaffirmed a pledge to boost construction and housing transactions across the UK, though initiatives which the Chancellor mentioned, such as the Regional Growth Fund and Get Britain Building, are yet to bear any perceptible fruit.

RICS has suggested that insufficient capital is getting through to developers and contractors, and has intimated concerns that unless funds are released more quickly, the construction sector will continue to stagnate.

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3rd Charging Bridging Loans are now available.....

We have access to lenders who are now looking to provide bridging loans on a 3rd Charge basis. This is very new to the market and is available to anyone who can show a strong exit strategy and have good residential security to provide.

The lenders are privately funded who can be very flexible and are always transparent. We liaise with the decision makers and they can offer very fast turnarounds.

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About the Author

Andrew Eagle has worked in the Finance Industry for over 26 years, currently specialising in bridging loans. He regularly contributes to blogs on bridging finance. Find him on Google +

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