Bridging loans from HSBC
HSBC bridging loans are intended as a form of short term borrowing when a customer needs to access a significant sum of money temporarily. Bridging loans are usually only offered for up to 12 months, although loan terms up to 3 years may be possible with some lenders.
Bridging finance is commonly used for purposes such as auction finance, dealing with a broken property chain or property renovation projects, where a mortgage is not an option. This type of borrowing is relatively expensive due to the higher interest rates charged, so it is important to have a clear repayment strategy in place before taking out a bridging loan.
Advantages of using a bridging loan broker
An experienced, professional bridging loan broker will have access to all of the top bridging finance lenders, including those not available on the high street. This means they can help borrowers get the very best interest rates on their bridging loans, helping to keep their repayments to a minimum.
A bridging loan broker will also be able to speed up the process of getting a loan and smooth out any potential road blocks. This means, if speed is of the essence, using a broker can help to ensure you have the money you need exactly when you need it.
Get the best deals on HSBC bridging loans
Fair Loans team of specialist bridging loan brokers can help you access the most attractive rates on bridging finance from HSBC and a range of other lenders. We offer a fast, friendly service, making it quick and straightforward to get the money you need, when you need it at a rate you can afford.
To find out more, simply fill out the contact form above or call Fair Loans today on 0117 313 6058.