As the name suggests, As the name suggests, bridging loans are like a bridging loans are like a bridge when large or small bridge when large or small businesses need funding. businesses need funding. These loans can be used to These loans can be used to solve problems related to solve problems related to funding. Let’s examine funding. Let’s examine certain facts and the uses of certain facts and the uses of bridging finance in detail. bridging finance in detail.

You should consider opting for a You should consider opting for a bridging loan during different bridging loan during different types of financial circumstances. types of financial circumstances. It doesn’t matter whether you It doesn’t matter whether you are a private or a commercial are a private or a commercial borrower.borrower.

They are offered by different They are offered by different companies for all types of companies for all types of situations situations

Protecting your house buy until Protecting your house buy until the selling of your existing the selling of your existing property takes placeproperty takes place

Mending a break in a property Mending a break in a property chain for you to buy a new house chain for you to buy a new house while awaiting a mortgagewhile awaiting a mortgage

Structural Refurbishment or Structural Refurbishment or redevelopment of a property up redevelopment of a property up for resale for resale

Putting money over a property Putting money over a property up for auctionup for auction

Obtaining finance for a fresh Obtaining finance for a fresh business venturebusiness venture

Invoice finance for assisting you Invoice finance for assisting you with cash flow while you wait for with cash flow while you wait for the financesthe finances

Bridging for the completion of Bridging for the completion of work for the mortgage to be work for the mortgage to be approvedapproved

Divorce settlement through Divorce settlement through financesfinances

Finances for lease extensionFinances for lease extension

Open Bridging Open Bridging LoanLoan

Closed Bridging Closed Bridging LoanLoan

It doesn’t have It doesn’t have an agreement for an agreement for the major source the major source of finance and a of finance and a certain time line certain time line for repaying itfor repaying it

They are riskier They are riskier to the lender and to the lender and the buyer making the buyer making them more them more expensive. expensive.

It can be availed It can be availed by the by the homeowners who homeowners who have struck a deal have struck a deal for the sale of for the sale of propertyproperty

If you have a If you have a robust mortgage robust mortgage offer offer

Close bridging Close bridging loans are less loans are less risky and easily risky and easily available as well available as well as reasonableas reasonable

They are secureThey are secure You can choose the assets for You can choose the assets for

opting for itopting for it They prove to be most They prove to be most

reasonable if can repay them as reasonable if can repay them as soon as your finance starts soon as your finance starts coming in.coming in.

If you consider the above aspects If you consider the above aspects you are sure to benefit from you are sure to benefit from bridging loans.bridging loans.