How do bridging loans work

How does a bridging loan work?

Step by step guide to applying for a bridging loan.

  1. Complete the Enquiry Form.
  2. Loans can be arranged up to 70% Loan To Value for a period of 1 day to 12 months.
  3. Decisions will be provided within 24 hours (usually quicker) during working hours.
  4. Lenders application form completed.
  5. Valuation undertaken.
  6. Formal Offer provided.
  7. Legal’s completed.
  8. Funds drawn down.

Loans can be secured against the following:-

  • Houses
  • Flats
  • Shops
  • Commercial Units
  • Offices
  • Land

 

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