BRIDGING LOANS FOR PROPERTY INVESTORS
Bridging loans were originally introduced into the UK to prevent chains breaking during the house move process. Over time their use has changed, and they provide short-term financing to help people, usually property investors, purchase real estate.
Hunter & Cole Associates is based in Waterlooville, working with clients across the surrounding areas. We have excellent working relationships with banks and mortgage lenders, so can arrange bridging finance when a property needs to be purchased quickly, such as one bought in an auction or one that needs renovating prior to sale.
BRIDGING LOANS ARE IDEAL FOR:
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Preventing chain breaks
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Purchasing a property bought at auction
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Helping with cash flow for property developers
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Use as a business bridging loan
If you need to raise a significant amount of money quickly, it is likely a bridging loan will be suitable for you.
HOW MUCH IS A BRIDGING LOAN?
Like any other financial product, the cost of your bridging loan will be determined by your financial circumstances. Here at Hunter & Cole Associates, we have a team of trained financial advisers who will be happy to discuss the cost of a bridging loan and compare the fees and rates available to be able to negotiate a good deal.