Bridging Finance
Investaco are Associate members of the Association of Bridging Professionals. The AOBP provides a service to intermediaries, master brokers and packagers in the Bridging industry by providing a forum for discussion on non-competitive issues, acting as a trade body to help promote a favourable operating environment and providing information to assist them in their business.
For more information visit www.aobp.org.uk
If you need finance quickly and are unable to arrange a normal long-term mortgage finance immediately then short-term Bridging Finance might be the answer. Investaco has access to a number of Bridging Finance / Loan providers and can arrange finance quickly so that you do not have to miss-out on your chosen property purchase! Bridging Finance is a short-term loan to an individual or a company secured against residential or commercial property. The loan is repaid once the property is sold or refinanced with a long-term lender.
- Bridging Finance is normally secured by way of a first legal charge over the subject property. Second charge Bridging Loans can also be considered if you have significant equity in your property and require funds for a short period of time.
- The term of the loan can be as short as 1 day and usually up to a maximum of 12 months.
- Loan amounts generally start at £25,000 with no maximum.
- Interest Rates start from around 1.25% per month with the possibility to roll up interest during the loan period.
- Decision in Principles can be arranged within a matter of hours with funds released within 72 hours if required.
Investors are increasingly using Bridging Finance as a useful way to expedite the completion of their proposed property purchase.
Acceptance for a mortgage is subject to an individual’s personal circumstances.
For more information, please contact us