© 2008 Michael J Alexander
Your home may be repossessed if you do not keep up repayments on your mortgage. Written quotations compliant with the Mortgage Conduct of Business (MCOB).
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Part of the Michael J Alexander Group
Bridging loans for buy to let mortgages, short term loans to help finance your mortgage.
Are you looking for a bridging loan in the UK? Are you a in the process of buying a buy to let or moving between buy to let properties? It can be a tricky situation but we can arrange a buy to let bridging loan as a cost-effective way to tide you over.
Your options include
- An Open Bridging loan that helps you to buy another buy to let before completing on your sale
- A Closed Bridging loan that helps if you've exchanged contracts on both homes, but there's a delay in moving
Bridging finance can be arranged for a maximum of 70%-85% LTV if you are a house mover and have a new mortgage need.
Interest rates vary from lender to lender but generally they can start from as low as 0.75% per month depending on your needs and circumstances. So if you are looking to arrange a bridging loan for mortgaging your present and future home or if you are looking for commercial bridging loan UK deal, we can help.
How long does it all take?
You should expect the entire process to take 5 to 10 days - i.e from your first application to the money being paid over to you. It could be done quicker but it depends on how fast you want to move and if there aren't any significant hiccups.
- We can assist with all your bridging loan UK requirements.
- Completion possible within a minimum of 5 days.
- Fast efficient professional service.
- Funds available for any purpose.
A Bridging loan UK is generally secured on a property or other assets of high value - meaning that the value of your asset is used to guarantee your loan. Payments are interest only, so your monthly repayments are lower as you are not paying back any of the bridging loan principal. As bridging loans are short-term loans, the interest rate will tend to be higher than that of, say, a mortgage, making bridging loans unsuitable for long term financing, but highly useful and profitable for when you need funds fast.
If you still have any unanswered questions related to bad credit mortgages then we can help. Some of the most popular questions are:
"Why can't i get a regular mortgage"
"How do I improve my credit score"
"Are there any benefits of a bad credit mortgage"
"How long until I can remortgage for a better rate"
"Where can I find a mortgage when I have bad credit"
"What is bad credit"
"How do I avoid ending up with bad credit"
Here at a mortgage for you we commit ourselves to providing you with the most professional service available, if you have any other bad credit mortgages questions then chat to one of our live advisers or call us.
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