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| BRIDGING FINANCE |
Bridging finance, quick
bridging loans and
bridging mortgages for most purposes. Our brokers
know the importance of a fast response when it comes to arranging
commercial bridging finance.
Bridging Finance, or short term funding, provides speedy access to funding with the minimum of checks and hassle. Bridging finance can help in various situations and is available to both individuals and to businesses.
One of the most common uses for bridging finance is when you are moving house and you need buy your new property before your existing one is sold.
Bridging finance is a type of secured loan. This means the loan is secured against your residential or commercial property, just like a mortgage or a homeowner loan.
When you take out bridging finance, it is secured against either your existing property or the new home you are buying, or against a combination of the two.
The main advantage of bridging finance is that it is much quicker to arrange than a conventional residential or commercial mortgage. Typically, it can take three to four working days from when you first make an enquiry to when you receive the required funds.
Because they are so quick to arrange, bridging finance packages can be used for various situations where speed is of the essence and where a traditional mortgage may be too slow or too inflexible for your requirements. For example:
- To enable the purchase of one property before the sale of another. This is very useful if you need to avoid a property chain collapsing.
- To fund the purchase of an overseas property.
- To allow a business to raise money on their premises. In this way, bridging finance can be used to overcome a short-term cash flow problem.
- Temporary funding for the purchase of a defective property which would not qualify for a traditional mortgage due to its poor state of repair. Once the property has been renovated and repaired, you can then look to take out a normal mortgage to clear the bridging finance.
- To fund the urgent purchase of a property, pending arrangement of a long term mortgage. This can be useful, for example, if you are buying a property at auction.
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We are licensed under the Consumer Credit Act 1974 to carry on the business of consumer credit, consumer brokerage,
debt adjusting and debt counselling, credit reference agency and canvassing off trade premises. Our Consumer Credit Licence Number is 587232.
Enquiries generated via this website are passed on to Financial Advisers, Mortgage Brokers, Licensed Credit Brokers and Lenders.
Divadani Finance and Divadani Loans are trading styles of Divadani Limited.
Company registration number 5256587. VAT registration number 877 4798 45.
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