EXPRESS BRIDGING LOANS

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Bridging loan to fund the purchase of a defective property:

The borrower had a deadline to purchase a house at a reduced price. The long term mortgage had been agreed, but was subject to a full retention pending completion of subsidence repair works in respect of an extension to the property. The works were the subject of an insurance claim that had already been made by the vendor and approved. A high-speed bridging loan was provided to assist with the purchase. The balance was provided from the borrowers own resources. The bridging loan was for a term of six months, which was sufficient time to complete the work and draw down the long term mortgage.

Bridging loan for property development:

The client owned a piece of land worth £40,000 at the end of a row of terraced houses and obtained planning permission to add another terrace to the end of the row.

A valuation was carried out and the client provided a schedule of works for the project. The valuer stated that on completion the terrace would sell for around £135,000 and the client was provided with a bridging loan facility of £78,000, available in 3 equal stages.

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YOUR HOME OR BUSINESS MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

EXPRESS BRIDGING LOANS OFFER:

High speed short term bridging finance to:

* Individuals

* Partnerships

* Companies

Regardless of:

* Credit History

* Financial status

Secured on:

* Residential property

* Commercial property

* Land

To be used for:

* Any purpose

08450 519 189