bridging finance | quick
finance Loan UK
Do you need a Swift Bridging Loan? Have one of our Helpful
Representatives contact you for a bridging loans quote,
there is absolutely no obligation and your application
is completely confidential
Bridging Loan
Why Use Us?
Easy to apply
Fast decisions
Competitive rates
No hidden extras
Bridging loans are specialist loans which are intended
as a convenient form of bridging finance for those who
have found themselves in temporarily awkward financial
situations or require an extra degree of flexibility in
terms of releasing secured equity from their assets.
A bridging loan can basically be considered as a short
term mortgage which is secured on the value of a property
and they can be applied for either by individuals or corporate
clients for any number of reasons although in the case
of an individual borrower a bridging loan will typically
taken out in order to purchase a new home whilst waiting
for the sale of another property or home to take place.
1st charge Bridging Finance - Monthly repayment rates
from 0.75% of the advance
2nd charge Bridging finance - Monthly repayment rates
from1.25% of the advance
Bridging finance can be used for any purpose. However,
below is a list of some of the typical uses:
Purchasing property at auction where funds are required
quickly
Property refurbishment or conversion
Property developers
Investors in commercial property
Buy to let investors especially those looking to purchase
properties at a discount
Chain-breaking mortgage
Purchasing property where the surveyor recommends a retention
To help homeowners who have been or are about to be repossessed
Entrepreneurs who need to raise finance quickly to fund
new businesses
Typical LTVs (loan to values)
Residential first charge - up to 85%
Residential second charge - up to 75%
Commercial - semi commercial - up to 75%
Bridging finance is available for a whole range of quick
finance requirements and can be used on the basis of a
1st or 2nd charge equity release for any purpose. With
loans available from £25,000 - £10,000,000 and up to 80%
open market value. Plus we can roll up or defer payments,
in fact we can meet most quick finance requirments.
Bridging finance or Quick finance is commonly used for
any of the following reasons,a) purchasing at auction,
b) property refurbishment, c) to stop bankruptcy, or when
funds are required in days rather than weeks.
Turnaround Times
Bridging finance is quick finance and can be completed
in a matter of days, normally between 3 - 7 days depending
on loan size, the security being used and the initial
information supplied to us on day one.
A bricks and mortar valuation will be required in all
cases.
When applying for a bridging loan in the United Kingdom
it is often advisable to do so through the services of
a reputable bridging finance UK broker who will search
through a list of specialist lenders on your behalf and
find you the best deal according to your particular circumstances
and this is an area in which Swift Financial Services
Ltd are able to help.
Swift Financial Services Ltd are experts when it comes
to sourcing competitive bridging loans in the UK and these
loans are available to anyone regardless of their credit
history as long as they have the relevant security and
this could either be a residential property, an area of
land or a commercial property if the loan is for commercial
purposes such as expanding a business premises, relocating
or buying new machinery and equipment.
The interests rates of a bridging loan in the UK can
be as little as 1 percent each month and the typical duration
that a bridging loan will be taken out over will be anything
from 6 months to a year although most lenders will typically
grant an extension on the loan as part of the options
in the initial agreement.
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