BRIDGING FINANCE
BRIDGING FINANCE IS A FORM OF?
Bridging Finance is a dynamic tool in the UK financial market and is a short-term funding solution.
It’s designed to ‘bridge’ the gap between immediate financial needs and longer-term financing. Often utilised in real estate transactions, Bridging Finance provides swift access to funds, aiding buyers in securing properties much quicker than traditional mortgages, which can take months. Its flexibility and speed make it popular for those navigating time-sensitive financial situations.
While it offers rapid funding, it’s crucial to consider its higher interest rates compared to traditional mortgages, making it an ideal option for short-term financial strategies rather than long-term solutions.
PROPERTY AUCTION PURCHASES
Bridging finance is ideal for quick funding for auction property purchases, where buyers must complete transactions within tight deadlines.
PROPERTY DEVELOPMENT
Developers use bridging loans for short-term funding to renovate or convert properties, especially when traditional mortgages aren’t feasible due to property conditions.
CHAIN BREAK FINANCE
In property chains, bridging finance helps buyers secure their new home if the sale of their existing property is delayed or broken down.
BUSINESS CASH FLOW SOLUTIONS
Businesses often utilise bridging loans for immediate cash flow needs, such as covering urgent expenses or capitalising on time-sensitive business opportunities.
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SHORT TERM BRIDGING FINANCE
Bridging finance serves as a temporary financial solution in property dealings, providing a swift means to span the interval between the immediate need for capital and the availability of long-term funding.
AUCTION FINANCE
Auction Finance is a specialised short-term loan designed to buy auction properties. It offers quick funding to secure a purchase, often within tight deadlines.
LAND WITH & WITHOUT PLANNING
A short-term loan for land is a temporary financing solution for acquiring or developing undeveloped land. Typically, it has a term of one to three years.
PRE-PLANNING FINANCE
A short-term loan for Pre-Planning Finance is a temporary funding solution for real estate projects in the early stages before obtaining planning permission. It provides capital for feasibility studies and surveys.
REFURBISHMENT CHANGE OF USE
A Short-Term Loan for Refurbishment – Change of Use is a temporary financing solution for renovating a property to change its purpose.
OUR CLIENTS THOUGHTS
RECENT TESTIMONIALS
Marc worked over many months to help me find the right financial product to suit my complicated refinancing project. Having identified the right product, Marc then worked for many more months to help me get the financing completed. I had so many issues that I had to face and at every obstacle Marc was on hand to help me to resolve it, and very often took it upon himself to do it for me. Marc went for beyond just brokering a good deal for me, he was my partner in making this happen. I could not have done this without his support. Thank you Marc for being so calm and patient and having faith when I had lost mine!
I. Knight
Marc has provided our company with excellent service and advice. He has vast experience and knowledge, and is able to advice on the most suitable lenders given our requirements.
Especially during the legal stage of the lending process, he facilitates and communicates with lenders in a way we would not be able to ourselves.
We would certainly not be where we are without his services. Highly recommended.
M. Dunn
The service provided for my bridging loan was second to none. The support I received was very professional and generous.
I would highly recommend Clever Commercial to everyone and anyone who needs a professional, caring and competitive rate for it’s loan or any kind of finance.
D. Dezfull
Marc has provided our company with excellent service and advice. He has vast experience and knowledge, and is able to advice on the most suitable lenders given our requirements. Especially during the legal stage of the lending process, he facilitates and communicates with lenders in a way we would not be able to ourselves. We would certainly not be where we are without his services. Highly recommended.
P. Strøm