What are Bridging Loans?

Niche Advice offers bridging loans to those in need to purchase property quickly.

• Free Quote
• No upfront broker fees
• Up to 85% Loan to Value for Light Refurbishment projects
• Broker fees of £499 inc VAT for standard cases paid on completion of the deal
• Auction, Bridging and Development Finance in one place.
• Experienced Brokers watch our Youtube channel to learn more
• A hand picked panel of reputable Bridging Loan lenders
• Loans from £50,000 to £20,000,000
• Residential, Buy to Let and Commercial Finance Exit routes
• First Time Buyers Auction Finance
• First Time Landlords Auction Finance
• Light Refurbishment products offered for “flipping”
• Bridge to Let Product to give landlords certainly and comfort
• Complex Income structure
• Lending on the end value
• Regulated and Unregulated Loans

What are UK bridging loans? Well a bridging loan is a short term loan used to achieve a particular objective. The most common use of a bridging loan is for purchasing property in a timely fashion using existing assets but without relinquishing them. For instance, it could be that a property is on the market or at an auction at a reduced price and you need a fast bridging loan to secure it before others step in. This can be achieved by using your existing assets as collateral for the bridging loan i.e. asset backed finance.

Obtaining bridging loans can be off-putting. For most people, it is a once in a lifetime exercise and it is difficult to know where to find friendly and impartial advice for bridging loans.

At Niche Advice we are happy to arrange bridging loans for you from our comprehensive panel of providers. We will talk you through the process and terminology of bridging with no question viewed as ‘silly’ or ‘unnecessary’. We will discuss the advantages as well as the disadvantages of asset-backed short term finance without you having to make a commitment to our expert bridging loan service. We will also look at the overall context to ascertain whether a bridging loan is the most suitable funding for you or whether you would benefit from a more traditional mortgage.

Importantly, a bridging loan is not like a normal personal loan or overdraft facility from a high street bank. The terms for bridge loan are often complex and pliable i.e. they can shift during the process if the lender thinks they have you over a barrel. This is where our expertise on bridging finance really comes in its own as we know the bridging loan market and what bridging loan fees, bridging loan charges and bridging loan interest rates should apply. We will negotiate hard on your behalf, and as we are totally independent we will have your best interests at heart as you are ‘our’ customer.

Furthermore, we will ensure the lenders stay true to their initial bridging loan rates and terms and do not move the goalposts, which is the common place if you approach bridging lenders directly for bridging loans, so why not give us a try?

Also check out Bridging Loan – 2020 Commonly Asked Questions https://www.nicheadvice.co.uk/bridging-loan-2020-commonly-asked-questions/

Author: Payam Azadi

Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.

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