Bridging Loans are a type of short-term finance, which are used to ‘bridge’ the financial gap over the course of a property transaction.
Call our team on 01709 321 665
Bridging Loans are a type of short-term finance, which are used to ‘bridge’ the financial gap over the course of a property transaction.
Bridging loans are often completed quickly, making them perfect for customers who are looking to swiftly secure funds for property transactions.
Lenders will need to see a viable exit strategy from your customer. This could be a range of things, including selling the security property, or taking out a mortgage to repay the bridging loan.
Bridging loans are typically used for:
Want to know more? Check out these related articles to find out more about our products and how we can help you get the best for your customers.
Meet Jimmy Allen, Eddie Lau, and Daniel Jones from Norton Broker Services. With 50 years of expertise, we support brokers in mortgages, secured loans, and bridging and commercial finance.
Access mortgages, bridging loans, commercial finance, buy-to-let, and more.
Customer looking for options to exit a bridge shortly after coming out of an IVA with a recent CCJ