June 4, 2024
Bridging finance provides a swift solution for both business and residential needs, secured through legal charges on freehold or long leasehold properties, or even personal assets like jewelry, executive cars, and works of art. Whether it’s a first or second charge, we offer tailored and responsive services in the UK, utilizing our own and partner funds.
Timing is crucial, and we specialize in quickly securing short-term bridging finance for various purposes. We facilitate open and closed bridging loans, distinguishing between loans with known or finalized exit/repayment methods.
Costs involved in setting up a bridging finance loan include independent valuations (around £1.50 to £2 per £1,000 of value), legal fees (approximately £500), set-up fees (1% to 2% of the loan amount), and competitive interest rates starting from 6.5% per annum.
We extend bridging finance for diverse legitimate purposes, such as property/land purchase, property auction sales, VAT and tax bill payments, financial aid to prevent repossessions, and short-term property development finance. Our services also cover mortgage ‘gap’ finance, ensuring you can complete a property purchase even if your own sale is delayed.
Key benefits provided by The B Financial Team include residential bridging loans from £10,000 to £10 million, commercial bridging loans from £50,000 to £25 million, and flexible loan terms ranging from 1 day to 24 months. We offer immediate lending decisions and funds advanced rapidly, supported by a fully managed service with regular progress updates.
Our experienced finance team handles the entire process, making it simple and straightforward. Call us today on 01293972071 or submit an enquiry. Our office is open daily from 09:00 am to 5:00 pm, and in emergencies or out-of-office hours, contact 07878949248.
Decision timescales are prompt; call us or submit an enquiry, and we can provide a decision in principle immediately, arranging payout within days, subject to legal and valuation processes’ completion. After submitting your contact form, a team member will promptly reach out to discuss your requirements.