Bridging Finance from NBC Finance allows you to get the property you want as quickly as possible and with the minimum fuss.
We can arrange:
Short term borrowing taken out to facilitate a transaction
A loan secured against residential or commercial property
A first or second charge taken against a new or already owned property, or a combination of both.
Why Bridging? Because it is much quicker to arrange than a normal residential or commercial mortgage, on average 7-10 working days from first enquiry to completion
Types of Bridging available: Open' with no definite date for the end of the loan, or 'closed' when the redemption date is known.
Please remember the following :
Bridging is a short term financial solution
It is a premium rate lending service (usually 1.4% per month)
A 'take out' or re mortgage strategy is obligatory
Because of its short term nature, bridging is generally 'non-status'
The loan can be structured so there is no need for a client to make interest payments each month
Who benefits from Bridging Finance:
People wishing to complete the purchase of a property before they have sold their existing home
People who purchase property at auction, where funds are required quickly
Buy-to-let investors negotiating discounts for quick completion
Entrepreneurs who need money quickly in order to fund a new business.
If you want to take this further you can Contact us or Email Us
