Bridging Finance
Helping you get from A to B
- Impartial Advice
- Extensive Panel of Lenders
- We make sure you qualify for any deal before you apply
- Straight talking, no jargon service
- Covering all of the UK
Completing our form does not affect your credit rating
Complete our quick online form for a FREE quote or call us on 01256 327019
Completing our form does not affect your credit rating
For a FREE BRIDGING FINANCE QUOTE please complete our quick online form or call 01256 327019.
Who We Work With
We have the privilege to access an exhaustive panel of lenders including high street and expert lenders. Our strong business relationships equip us to cater for all types of client requirements. Whilst servicing Fist Time Buyers, Home Mover’s and Remortgage clients we also cater for Government schemes like shared ownership, and expert mortgages like adverse credit and Limited Company Buy to let’s.
How do Bridging loans work?
Bridging finance is a short -term loan and best described as a temporary loan which gets you from A to B, until you can either clear the loan in full or secure a more permanent form of finance.
Whilst conventional loans, and bridging loans can both be used for the purchase of a property, they have different requirements and processes. Traditional loans have a longer-term repayment span of 15 to 30 years and quite often have a low-interest rate due to the long repayment period. Bridge loans, on the other hand can be processed much faster and have a higher interest rate because of the shorter term of between 6 to 12 months. In reality the speed of getting cash in your account is the main difference between the two.
- Need a quick decision on a bridging finance loan?
- Looking for a bridging finance loan of between £10K and £10Million?
- Want to be sure you are getting some of the most competitive rates in the UK?
- We arrange bridging loans for all purposes.
Please contact HLSA Financial Services, we are ready to help you.
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Completing our form does not affect your credit rating
What can I use Bridging Finance for?
You can use bridging finance for short -term commercial purposes, as long as there is a clear exit in place, and you can satisfy the lenders appetite with your plans.
A lot of property developers use bridging loans to fund their projects. For example, a developer may own a site with planning permission to build an apartment block. A bridging loan for 3-6 months could help spread the costs and cover the funds to complete the work. The loan would be fully paid off at the end of the term either by the sale of the apartment block or individual apartments.
It is also very common for auction buyers to use bridging loans to assist with the purchase rather than using a conventional mortgage where the process is much lengthier. Auction deadlines are often very strict, and you would typically have up to 28 days to raise funds which makes bridging loans an ideal option in such circumstances.
When Lenders use the term ‘exit strategy’, they want to know how you are planning to either clear the bridging loan in full (with interest costs) or move it onto a more permanent type of finance like a mortgage.
Please contact HLSA Financial Services to secure the best finance solution for your needs.