Bridging Finance

Bridging Loans in Newcastle Upon Tyne, Gateshead, Bolton and Manchester

Looking to purchase a property while you’re waiting for a house to be sold? Maybe you are buying a property at auction and need to complete the process quickly. Bridging finance doesn’t have to be scary. We can help you plan your exit strategy holistically and ensure that you have the right finance product for your unique situation.

What is a bridging loan?

Bridging finance is a short-term loan (usually between one or twelve months) that can help move a project from A to B or can be used to complete a house purchase. The loan is repaid once funds from the sales of an existing house are made available.

The benefits of bridging loans

Bridging loans have a considerably shorter timeframes and can be arranged faster than standard mortgages.

Am I eligible for a bridging loan?

The lender takes a range of factors into account before deciding whether you are eligible. While lenders vary in terms of criteria, it is likely that you;

• Will need to be employed, self-employed or retired
• Will need to be in the process of purchasing or refurbishing residential or commercial property
• Will need to be able to provide proof of income
• Will be looking to borrow at least £10,000

We’ll take the time to understand your circumstances and assess whether bridging finance is the best course of action for you. Get the right loan for your needs with B-Advised by contacting us today.