For conventional loans, mortgages and credit cards, Tesco Bank ticks all the right boxes. But when it comes to more dynamic financial products like bridging loans, Tesco Bank’s limitations become apparent. Particularly, if you’re looking to borrow a moderate sum of money for just a few months, you may find major lenders like Tesco Bank unable to offer any help whatsoever.
UK Property Finance is Britain’s number-one in affordable, accessible bridging loans for all purposes. With our help, you’ll gain access to the funds you need in the shortest possible time and at the lowest possible price. Whether new to bridging loans or familiar with the way things work, we’re standing by to show you what we can do.
Advantages of Bridging Finance
If you need everyday High Street banking services, you’ll find what you need from Tesco Bank. If you’re on the lookout for more intelligent financial services, you’ve come to the right place. Provided by an established independent lender, bridging loans bring a variety of unique advantages to the table.
A few examples of which are as follows:
Quick To Arrange
Personal loans typically take weeks – sometimes even months – to process and complete. Hardly a viable option, should you require the funds for an urgent purchase. Depending on your requirements and the loan amount, bridging finance can sometimes be paid out in as little as two business days.
A good bridging loan is built around your budget and your requirements, rather than those of the lender. From overall borrowing costs to repayment periods to collateral and so on, it’s all about accessibility and flexibility on the highest level. Again, something you won’t experience when working with major names like Tesco Bank.
No Credit Checks
Many leading bridging lenders have no interest whatsoever in the borrower’s credit rating. Just as long as they are able to cover the value of the loan with acceptable collateral, this is the only thing that matters. Hence, those with less-than-perfect credit scores are equally welcome to apply.
Shorter Repayment Periods
Rather than having the debt of a loan hanging over your head for years or decades on end, bridging loans can be repaid within a matter of months. It’s possible to organise longer repayment periods if required, but faster repayment is always an option.
Competitive Borrowing Costs
By their very nature, bridging loans can be significantly more affordable than any comparable loan. Secured with collateral and repaid over a shorter period of time, overall borrowing costs can be kept to an absolute minimum.
Funding For Any Project
Last but not least, the funds obtained by way of a bridging loan can be used for absolutely any purpose whatsoever. Unlike the more typical financial services from banks like Tesco, you don’t need to provide any indication as to where or how the money will be used.
Ask the Experts…
Whether you’re ready to go ahead with your application or simply considering the available options, we’d be delighted to hear from you. Contact a member of the team at UK Property Finance today for more information.