Cheap lender bridging loans fact or fiction ?

Times you could use a cheap lender bridging finance loan examples given below:

Situation 1 – A company needs to purchase stock – If a companies liquidity is low and it doesn’t have enough to buy a bargain lot of stock then lender bridging loans can be used a temporary financial fix.

Situation 2 – Purchasing a property at auction – With land and property auctions it is normal that transfers of funds take place very shortly after an auction ends. If you have no commercial mortgage or loan in place then bridging finance is a perfect short term solution.

Situation 3 – Venture capital – Many entrepreneurs us this type of credit to take advantage of deals where money is needed now not in a couple of weeks. Because of the speed that these loans can be arranged in they are perfect for this type of application.

As you can see from the above lender bridging loans examples, the uses are as varied as the people who need the finance. If you like the sound of this kind of credit and think you may benefit from lender bridging loans then our website can offer more advice or individual quotations if required.

Of course you may want to know about the expense for a loan, we will give a typical example for a sum of £150000 at a rate of 1% would cost you £3000 to borrow the sum for 2 months. Many factors such as security offered and a customers risk profile can give a lower or higher rate. Interest rates vary depending on the security offered and your credit file.

Many people don’t apply for lender bridging loans because they expect to be rejected, or have already been turned down by their building society. You may be surprised though as we can accept applications from late mortgage payments customers or poor credit scores.