Halifax bridging loans now available with UK Property Finance
Low interest UK bridging finance – flexible terms
When you are looking for a fast and uncomplicated short-term finance product to bridge the gap between buying your new home whilst waiting for a sale to go through on your existing property, a Halifax bridging loan arranged through an expert broker such as ourselves is an incredibly attractive option.
With their low interest rates, reduced borrowing restrictions and unrivalled flexibility, our whole of market bridging products represent unrivalled value for money. The speed at which they can be arranged is another important factor when considering the full range of borrowing options available, with most applicants gaining access to the funds they need in around a week.
The benefits of a bridge loan:
* Flexible funding, from £25k to £50 million.
* Available for residential and commercial borrowers.
* Repayment terms from 1 – 24 months and with monthly interest charges.
* Funds can be released quickly – for urgent property purchases or business financing needs.
* Low interest rates – we search the entire UK bridging loan market for you.
* Interest can be roll-up and added to loan sum.
How can a Halifax bridging loan help you?
Halifax bridging loans can be used to solve all manner of short-term financing problems. In fact, many property investors and residential homeowners rely heavily on bridging products in order to deal with time-critical cash flow issues that they would otherwise struggle to solve, such as financing the purchase of auction property, dealing with mortgage chain problems and for funding development projects.
UK Bridge Loan Types
There are two different types of Halifax bridging loan available and these are open and closed bridging loans. With an open bridging loan, you can use the equity in your property to finance the purchase of a new one, even if there is no contract in place and you are still waiting for a suitable buyer to show up. If you have plenty of equity in your home, you chances of approval will be quite high, although some lenders are reluctant to provide open bridging finance as there is always a risk that the property may not sell within a fixed timeframe.