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| FAST, FRIENDLY SERVICE! VERY COMPETITIVE RATES!
FREE ENQUIRY! Do you need short term finance, or bridging finance in a hurry to purchase a property? |
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| What is a Bridging Loan? | |||||||||||||
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A bridging loan can be used for a variety of purposes.... * To purchase a property in a hurry, ie. From an auction. * To enable the purchase of one property before the completion on the sale of another * Temporary funding for the purchase of a 'defective' property, pending completion of repairs and draw down of a long-term mortgage * To fund the purchase of a property pending the arrangement of a long-term mortgage. This could apply for example to an investment property purchase when there is insufficient time to arrange a buy-to-let mortgage to complete the purchase |
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* To raise capital pending the sale of the security property