What is Bridging Finance?
Bridging Finance is an asset-based loan, therefore unlike standard mortgages they are not affordability based nor age related. We are able to arrange bridging loans secured against various types of residential and commercial property assets including development plots of land. We also regularly assist clients who wish to purchase a new property prior to selling their existing home.
How can Bridging Finance help me?
Bridging can be right for some people, but it is by no means the right option for everyone. However, if you do require finance and are unable to source it through a first charge mortgage the bridging route may be worth considering. Predominantly it is used in the following scenarios:
- Downsizing
- Speed of Transaction
- Business Purposes
- Chain Breaking
- Land Acquisition
- Probate
- Refurbishment
What fees may be involved in Bridging?
Why should you use a Mortgage Broker?
It's important to use a mortgage adviser as not all circumstances are the same. Our advisers can help you assess whether short term finance is the best option for you, and equally advise on whether there may be better options available in the market. By completing a full analysis of your situation.
How can our mortgage advisers help you?
- We can source exclusive broker deals not available on the open market
- We have access to a wide range of lenders, not just those on the high street, ensuring that we find the right mortgage for you
- We will update your mortgage offer, if rates change in your favour
- We liaise with the third-party involved to ensure that your mortgage goes through as smoothly as possible
- We are experts on the administration of mortgage applications, let us do the hard work so you don't have to
- We can arrange for a protection adviser to give you a call to discuss any Life Insurance needs you may have
- We can discuss your mortgage needs via Face to Face, Video, or Phone
- Appointments in York, Harrogate, Knaresborough, Leeds, Malton, Scarborough and London available
Your dedicated mortgage adviser will make it as simple as possible for you and ensure that you understand what options are available to you.