29 July 2013
Do you need Bridging Loan?
A Bridging Loan is there to help the market bridge a funding gap. At Heritage Commercial Finance we are committed to providing the best bridging solutions to tailor and fit your needs.
Bridging loans can be used for many purposes and at Heritage we appreciate that you need a quick response and decisive action based on your requirements.
Security required for a bridging loan is generally a 1st charge basis. A bridging loan is generally secured against a property. At Heritage we offer a first charge although sometimes we do offer a second charge too. Bridging finance provides you with the capital required for fast property transactions, with repayments arranged over a lending period of up to 12 months.
Bridging finance is a perfect solution and can ease the pressure when you want to move forward with a property purchase but don’t have immediate access to the funds straight away. That’s why Heritage is here to help you!
If you’ve found a property you want, perhaps at auction, for a buy-to-let scenario, to extend your portfolio or you simply need to fund a refurbishment, our bridging loans can help – we can even design a solution to enable you to exit from another lender.
Facility amounts can vary from £25,000 up to £750,000 and are based on different terms due to each individual case.
Heritage Commercial Finance is very active within the bridging loan department as we have our own professional legal team and approved panel of surveyors to ensure the process runs smoothly and efficiently.
Our bridging loans offer many benefits such as:
• Loans for Up to 12 months
• Up to 70% loan on an open market value
• Complete transparency- no hidden costs
We offer our Bridging Loans throughout the UK and also Scotland to suit your needs.
Apply now using our online application form which is located on our website www.heritagecommercialfinance.co.uk or if you’d prefer to speak directly to one of our team then please call 01482 668333.