Bridging finance:
as the name suggests, a short-term loan designed to ‘bridge’ a financial gap.
In essence, bridging finance helps to get you from A to B. It’s often a popular option if you are in the process of securing a property, or you have a tight deadline to meet on a renovation – bridging allows you to act quickly!
When it comes to bridging finance, there are two types of common loans: regulated and unregulated. A regulated bridging loan is typically used by homeowners who are short of funds, usually down to delays. On the other hand, unregulated loans are typically aimed at property developers that have a tight turn-around, and they need to ‘bridge’ the gap.
With the amount of bridging loans available in the market, it can seem overwhelming to find the right option for you. Here at signature, we pride ourselves on sourcing the best deals around. We get to know you, and your personal circumstances, so that we can offer a helping hand to find the right solution for you in the long run.
Regulated:
When might you need a regulated loan?
If you need to break a chain in order to purchase your new home, or you’ve seen your dream property at an auction and need funds quickly, then a regulated bridging loan is the option for you. The bridging product will be put in to place prior to selling or having an offer on your current home. This will allow you to go ahead with the purchase of your new home without having any delays that could put your new purchase in jeopardy.
Unregulated:
Would an unregulated loan be suitable?
If you’re an investor wanting to buy a property at auction to rent out, or you’re purchasing a property with the aim of completing some refurbishments to the property to improve the EPC ratings, then an unregulated bridging loan is what you’ll need.
When purchasing a property at auction, set timeframes will need to be adhered to, meaning a speedy completion date will need to be met. Bridging finance offers a quicker alternative to keep you on track.
This way of purchasing investment properties allows landlords to utilise any increased property value in order to draw down further funds for future projects.
meet the team:
We’re not afraid to say, we’ve got the best mortgage advisers on the block. We’re not only exceptionally streetwise and know the industry inside out, we’re dedicated to find the perfect product for you. With a real passion for delivering exceptional service and developing a long-lasting relationship; we’re here for the long run, to offer a helping hand at each and every step of the way.
get in touch:
Signature Specialist Finance Limited, is registered at Lake View Festival Way, Stoke-on-Trent, Staffordshire, ST1 5BJ. Company Register number is 13802607. We are registered with the ICO, ZB673067 and you can check via www.ico.org.uk.
We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority.
We may receive a commission from the Lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.
Our aim is to provide you with a professional and efficient service. However, there may be occasions where you feel this has not been achieved and should you wish to make a complaint about any aspect of the service we provide to you, you can do this by writing to Lake View Festival Way, Stoke-on-Trent, Staffordshire, ST1 5BJ, or by telephoning us on 01782 617600 where we will try to resolve your concern at the earliest time possible.