Faqs-Bridging-Loans
Frequently Asked Questions - Bridging Loans
Previews of our Frequently Asked Questions covering our bridging loan finance services.
Why use a bridging loan broker?
The criteria used by bridging lenders do vary, selecting the wrong lender can mean the difference between wasting money on an aborted application or overpaying in terms of overall costs.
Why do bridging loans cost more than a mortgage?
Comparisons of headline interest costs between a mortgage and a bridging loan reveal that bridging finance is much more expensive.
What is a non status bridging loan?
A non status bridging loan is simply a short term loan that is offered regardless of current income or credit history.
Are there any early repayment charges with bridging loans?
In some cases there an early redemption charge or penalty can be applied by bridging lenders, if there are then these will be detailed in any offer letter at the outset.
How much does a bridging loan cost?
The costs of bridging finance are split into two elements, fees and interest.
As "bridging loan brokers" we have successfully arranged short term funding of many property related deals for our clients. Here are just a few bridging finance case studies that you may find of interest [more details].