Bespoke, independent advice on Bridging Loans
The property market and business in general can often change rapidly, which can present both problems and opportunities.
Having the ability to move quickly and react to these changes is obviously an advantage, but going down the conventional route of funding property purchases or portfolio restructuring with mortgages can be restrictive in terms of time, which can result in lost opportunities.
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Bridging Loans are an excellent and increasingly popular way of being able to finance such situations as the funds become available in days rather than weeks. Although the rates of interest payable on a bridging loan are higher when compared to a mortgage, due to the short term nature they are designed for, they are a feasible option for many landlords, investors and developers.
We have arranged bridging loans for many clients in a wide array of situations and they have been able to draw down on funds quickly. It is extremely important to have a defined ‘exit strategy’ from the bridging loan will be as they are designed to ‘bridge’ for short periods, but again, here at Goldwire we can offer advice and arrange the longer term funding options.
Goldwire offers advice on a wide range of bridging products from a comprehensive, established panel of lenders, including those not available on the high street, and is fully independent to ensure that clients always get the best-suited product available to them in the market place.
We aim to get a ‘lending decision’ within hours of your enquiry and will take care of the whole bridging loan application right through to completion and can run applications for the exit strategy simultaneously.
The majority of the bridging loans we advise on are related to property purchases at auction due to the quick completion times, however, bridging can also be used for;
- To fund a property renovation or development project
- Cash injection into your business to alleviate cash flow issues
- Completion on a property whilst your sale is stuck in a chain
- Access to short term funds on a second charge basis on a financed property
We welcome you to contact us and we will be happy to have a look at your current circumstances to assess where we could add value to your business.