We will now look at various scenarios where getting bridging finance is the best choice.Some Illustrations when you may need to bridge a financial gap !

Scenario 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 home bridge loans can be used a temporary financial fix.

Scenario 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.

Scenario 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.

Many people don’t apply for home bridge loans because they expect to be rejected, or have already been turned down by their building society or local broker. You may be surprised though as we can accept applications from customers with bad credit and missed payments.

Lets now explore the price an example for a loan for the sum of £150000 at a rate of 1% would cost you £3000 to borrow the sum for 2 months. Obviously each case is assesses on it’s own merits and rates can be lower or higher.