Bridging Loans For Property Purchase
Bridging loans are a type of short term borrowing normally used to fill a gap in funding when other types of finance, such as a mortgage, are not available. Loan terms for bridging loans usually go up to a maximum of 12 months, although some lenders may be prepared to consider repayment periods of up to 3 years.
Common uses for bridging loans include auction finance, renovation projects and funding the purchase of a new home before a current home has sold. Because bridging finance is offered over short periods and comes with relatively high interest rates, it is essential to have a repayment strategy in place before taking out the loan.
Find the best bridging loan rates
To get the best interest rates on bridging loans, simply use the form above to tell us a little bit about your borrowing needs. We will then get back to you with a range of loan options that match your requirements while offering market leading interest rates. That way you can choose a bridging finance deal that gives you the money you need at a cost you can afford.
To find out more, just fill out the contact form above or call Fair Loans today on 0117 313 6058.