BRIDGING FINANCE
Introduction
Bridging Finance has a multitude of uses, not just for the usual application that springs to mind being to bridge a house purchase. It can be an excellent method of finance, helping to ensure the purchase of a property or to raise capital quickly.
It is a short-term loan, usually between 1 and 12 months, with interest being charged on a monthly basis. Being linked to a property, the bridging loan is secured as a first or second charge against it.
Applications include, but are not limited to:
- Buying a property at auction
- Buying a second property before selling your existing property
- Property refurbishment or conversion
- To raise working capital
Contact The Finance Key today for assistance with your bridging finance enquiries.
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