www.albion-bridging-finance.co.uk There are many reasons why you might use a bridging loan or need bridging finance. We will shortly be presenting our bridging loans offer to the market, but wanted to explain the types of bridging loans that will be on offer and why you might use bridging loans
Residential Bridging Loans
A couple agree to purchase a property in Spain to spend their retirement abroad. Their home in Bristol has sufficient equity even taking into account the fact that they have a mortgage. The solution would be a short term bridging loan to enable the property in Spain to be purchased and allow their house to be sold under no pressure and with no rigid time scales
Commercial Property Bridging Loans
A company may own substantial freehold buildings. We will be available to provide bridging loans in very short time scales - with the bridging loans allowing funds to be released elsewhere in the business.
Auction Purchases Bridging Loans
An individual may agree to purchase commercial property at auction. Often, conventional lenders are unable to provide the finance for completion. We would provide fast effective bridging loans which would solve this problem providing fast finance with our bridging loan products.
Poor credit history Bridging Loans
We will provide bridging loans to borrowers with serious adverse credit history which may include substantial mortgage arrears and CCJ’s. It is also possible to provide bridging loans to Borrowers who are in Bankruptcy. We would liase with the Trustees in Bankruptcy and lodge with the courts sufficient funds in the form of bridging loans.
Bridging Loans for Speculative Property Buying
For developers who purchase a property without planning consent, we can help out with our bridging loans. Our bridging loans team would undertake a valuation and on the back of a reasonable outcome, we could provide bridging loans finance. It is likely that further bridging loans finance would be available once planning consent is granted.
Bridging Loans for Second Charge Loans
We can provide second charge bridging loans - even if the borrower has an existing mortgage we can provide bridging loan finance on the back of This.