Bridging Loans
Bridging loans are ideal when funds are needed fast, with the minimum of fuss.
Bridging finance is usually short term funding from 1 month up to 36 months and funds can be made available within 3 days of application!
At First Business Mortgages we have access to bridging loan lenders who will lend against the value of the property rather than the purchase price so we are able to source funding up to 100% of property value if required.
Generally, bridging loans are made available on a self certification of income, so there is no need to provide financial accounts. The lender will rely upon the value of the property when assessing the merits of an application.
A bridging loan may be appropriate for
- Purchase of a property at auction
- Purchase of land or buildings for development
- Property refurbishment
- Working capital
- Urgent need of funds
- Short term business finance
At First Business Mortgages we don't believe that our clients should have to have a lender interview, provide business plans or have to go through a time consuming application process with the bank.
Our straightforward, hassle free process means that we'll do most of the work for you and make sure you have your mortgage funds soon as possible.
- Call or apply on line and we'll give you a decision in principle within 2 hours (immediately in many cases)
- Complete the simple application form
- We will arrange for the survey to be undertaken
- Mortgage Offer issued
- We liaise with solicitors to ensure that drawdown of the mortgage takes place as soon as possible
And don't forget that we won't charge you any fees at all.
Agreement in principle within two hours!
To find out what First Business Mortgages can offer you to help secure your new business please click here to get a quote or give us a call on 01803 500070.