Short term bridging loans finance for UK property owners

1 series

5 series

6 series

7 series

z3

z4

x3

x5

x6

M Class

Friends of the site

Fast property sale

Short term finance

3 Series | Convertible | Saloon | Touring | Coupé | Quotes

Short term finance

Short term finance, when of a high value is normally term as bridging loans. Bridge finance is designed to be paid back flexibly, anytime within twelve months, without any early repayment penalties which makes it ideal for larger sums needed as short term finance or property funding. Larger sums can be classed as over twenty seven thousand pounds. Anything less, and bridging finance shouldn't be accepted as it falls into the normal secured loans bracket. We can recommend a couple of bridging loans lenders, who are the actual lenders and not brokers, so you shouldn't have to pay brokers or set up fees.

If you have a property that you can use use as security and you or a relative are not going to be living in it, then you may qualify for short term finance secured against it. You must also be wary that any building or property used as security is under threat of repossession if you default on interest payments, or if you fail to repay the full amount within the the term of the loan.

Bridging loans

Bridging loans work on an interest only repayment plan, which means you only make interest repayments each month. You will always owe the full amount borrowed. However, you can clear the full amount at any point during the term of the loan, so if you clear the money advanced to you within thirty days, you only pay one months interest.

If you know you can clear the full amount pretty quickly, then bridging loans are a far more competitive way of funding than traditional secured finance. Please be advised that if you do let the advances repayments drag on and on, it ceases to become competitive in terms of the interest accrued. Only enter into this sort of short term finance if you are confident of repaying the amount in full in a short time span.