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| BUSINESS BRIDGING MORTGAGES |
Business bridging mortgages,
business bridging loans,
business bridging finance to buy a Pub,
buy a Hotel, Golf Club and other business premises.
Residential bridging mortgages
can also be arranged through our specialist mortgage brokers.
Business bridging mortgages have many different uses. The most common is in situations where you are moving from one set of business premises to another.
If you have ever been involved in selling one business property and buying another, then you'll know that the process doesn't always go as smoothly as you might like.
Just as with the residential property market, tight completion deadlines or a temporary cash shortfall often mean you'll end up needing to find flexible finance quickly in order to help the purchase of your business premises go ahead.
This is where a business bridging mortgage can help. A business bridging mortgage can be used to bridge the gap in situation where the sale of one property cannot be completed in time to pay for the purchase of the new property.
With the help of a business bridging mortgage, you can make sure you don't lose the property or end up wasting money on all the costs accumulated during the abortive buying process.
Business bridging mortgages are usually interest only, rather than capital repayment. This means you only pay the interest on the loan each month. Once your existing commercial property is sold, then the proceeds from the sale are used to clear the original lump sum of the business bridging mortgage.
Business bridging mortgages can also be used to pay for the refurbishment of run-down properties that need to be renovated in a short space of time before being put back on the market or refinanced with a traditional mortgage.
Business bridging mortgages can help with the purchase of commercial property at auction, where time is of the essence and a traditional business mortgage may take too long to arrange.
A business bridging mortgage can even be used if you are not buying a new property but instead need a quick and simple way to raise additional cash to cover a short-term cashflow issue within your business.
Applying for a business bridging mortgage is similar to applying for any other kind of loan, except that it is usually much faster to arrange.
Business bridging mortgages typically run for a few months, rather than the 25 years or so which is common for conventional business mortgages.
Loan amounts for a business bridging mortgage typically range from £10,000 up to £5,000,000 and can run from one month up to three years.
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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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