Bridge Loans

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At Bridge Direct we offer the quick Bridge loans. Immediate decision and no middle men required.

Bridge Loans

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The Bridge Direct team has 30 years of lending experience and they offer an immediate decision on your loan request.

www.bridge-direct.com

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The team members of the Bride Direct in UK region are highly experienced and

the team members have 30 years of lending. They offer the instant decision on any bridging loan request.

https://www.bridge-direct.com/BridgeLoans/Private

[quickbridgeloansuk]

Bridge Direct offers the Bridge loan services in the UK region. The team of the Bridge Direct is highly experienced and offers the decision on the same day.

[quickbridgeloansuk]

The above infographic image will explain the advantages you can expect when you choose the Bridge Direct for your quick bridge loans requirement.

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Looking for quick finance in the Uk region? then approaching Bridge Direct would going to be a good choice. They are direct lenders and offers an immediate decision on Bridge loans request.  

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Five things you should know about Bridge Financing

Bridging finance is a short-term financial option that enables the borrower to quickly release funds held in an existing property or asset. Many homeowners and property developers will use a bridge to purchase a new home or property whilst the sale of their existing property is pending, for example when stuck in a chain or purchasing at auction.  

Bridging loans specialists, Bridge Direct are direct lenders, who are actively looking to lend across the UK. As direct lenders and not brokers, Bridge Direct will give a guaranteed instant decision on all bridge loan applications.

Below are the top five important things to remember when looking for a bridge loan;

Short Term - The bridge loans are short-term.  The length of time may vary based on specific needs; however, the average length of the loan would range from 6 to 12 months. This amount of time gives you enough time to complete the pending sale of the old property.

Easy Application Process – The process to apply for a bridge loan is extremely easy and straightforward.  You can contact Bridge Direct by calling or through their website and you will be guaranteed an instant decision from one of our decision makers.

Fast Approval Process –Timing is extremely important, and this is why Bridge Direct offers their guaranteed instant decision promise on all applications. In some situations, it may also be possible to receive the bridge funding on the same day.

Interest Rate – As with all short-term loans, bridge loans can attract a higher rate of interest, when compared to a regular bank loan or mortgage, However, Bridge Direct treat each and every deal on its own individual merit and will find the best possible deal for your situation.

Secured Loan – At Bridge Direct, you may still be eligible for a loan, even if you have a bad or adverse credit history.

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Bridge Direct is a leading lending company and it offers the short-term financial solutions across the UK region. They will give an instant decision on bridge loan request.  They have 30 years of lending experience and offers the bridge loans services across the Uk region.

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Above are the advantages of the bridge loans. By making use of this finance we can overcome the short-term financial difficulties. In the UK region this quick finance majorly used for commercial business requirements.

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What are Bridge Loans in the UK?

Today, the term bridge loans are becoming increasingly popular throughout the UK, and many business owners and property developers are using this type of finance because the benefits it provides.

What are bridging loans?

Bridge loans are a temporary finance provided by a bridge loan lender as a short-term finance solution to fulfill the gap in between funding and securing a longer term source of funds, such as a bank loan or mortgage. Below are two examples that can benefit from using bridging finance:

1)    During the purchase of a new property, property developers can use bridging finance to help purchase the new property without selling an existing one. On some case, if the property can be developed quickly and resold, the need for a long term finance like a mortgage is negated.

2)    Commercial business owners may use bridge finance to aid business expansions or launch new products and services. By using bridge loans they can stay ahead of the competition and ensure business flow is maintained.

The Bridge loans can be sub-divided into two categories:

1)    Closed bridge loans and 2) Open bridging loans

Closed Bridge loans:

If the borrower is looking for short term finance but is waiting for a bank loan of mortgage to be approved or confirmed, then they would opt for a ‘closed bridge loan’. Closed bridge loans are generally taken out when the borrower knows the duration they require the bridge loan, this means that the interest rates are usually fixed and lower than an open bridge loan.

Open Bridge loans:

Open bridge loans are usually used when there is no clear end of the term for the bridge loan. For example, when a business is looking to bolster a new product, but are unsure when its release date will be. Here it would be difficult to estimate the loan repayment duration. Due to this unknown, this is why generally the interest rate on an open bridge loan will be higher than closed bridge loans.

Bridge loans vs Bank loans

Bridge finance is used for a temporary time period, generally until a secured finance like a mortgage or bank loan becomes available. Bank loans are usually a long term finance with regular monthly repayments. The rate of interest is usually lower than that of a bridge loan however they don’t provide the flexibility or speed a bridge loan can provide an early repayment will result in hefty interests and charges.

Bank loans or mortgages have become increasingly hard to secure, many due to the recent economic crisis. This means banks have become more wary about who they will approve for a loan. Because of this bank have increased their set criteria dramatically, meaning if you have a bad or adverse credit history, there is little chance of being accepted. Add to this the length credit checks and due diligence they now process, and it can take weeks or even months to get a decision, let alone receive the funds.

As bridge loans are a secured loans, the approval process is much, much faster, and doesn’t have the same due diligence and credit checks a mortgage or bank loan will require. Bridge Direct offer bridge loans for all business applications, will accept 1st and 2nd charges, have no set criteria, and you may still be eligible for a loan with bad or adverse credit.

Bridge Direct will also offer a guaranteed instant decision, something that you won’t find with any high street bank loan or mortgage. When you speak with Bridge Direct you can be assured you are speaking with a decision maker, and not a broker, meaning you will have over 30 years of experience to hand to help guide you through the process and find the right deal for you.

Where can we use Bridge finance?

Most people will generally assume that bridge loans are used solely for property purchases, and this is generally true, as they make a great substitute for taking out a mortgage or bank loan. However, bridge loans can be applied to any business process as well, for example;

•        Paying large tax bills

•        Kick starting new projects or services

•        Paying supplier bills

·         Expanding your business

Interest rates on Bridge loans

As with most short term loans bridge loans will carry a higher interest rate than that of a bank loan or mortgage. However, as these are a short term you are not tied down to years of monthly repayments. Add to this the speed and availability of funds, they become much more viable by saving you and your business money in the long run.

For example, many property investors may make use of a short term bridge loan on a buy to sell the property. Here the investor would look to ‘flip’ the property and sell it quickly within the term of the bridge loan. This just wouldn’t be possible with a mortgage, were in the time it has taken to buy, renovate and sell the property, the bank would more than likely still be processing the mortgage applications.

Tips to find the best bridge loan lender in the UK

If you are to google bridge loans you will find hundreds of providers throughout the UK, however many of these will be brokers, and may not be looking out for your best interest.

The team at Bridge Direct is made up of over 30 years of experience in the financial and bridge loan sector. This means that when you contact Bridge Direct, you will not be speaking with any middle men, you are speaking directly with the decision maker.

Every loan application is carefully considered and no matter the situation the team will try to find the best bridge loan deal for you and your situation. You can be guaranteed of an instant decision when you contact Bridge Direct, and even if you have bad or adverse credit, you could be accepted for a loan.

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Residential Bridging loan in the UK

According to the latest research, homebuyers borrowing in the month of May 2017 was recorded at 12%, compared to April 2017 which was 10%.

In 2017, more people than ever are looking to own their own home. In May 2016 alone the volume of the homebuyer borrowing 10% which has steadily risen and in May 2017 was recorded at 16%. The property real estate market is rapidly growing in the UK since its decline in the recent economic crisis.

However, along with the rise in borrowing, the statistics are also showing there is a rapid rise in bank or mortgage providers rejecting applicants, due to rising set criteria and increased credit checks. Since then Bridge Loans have becoming an increasingly popular way of funding property purchases without selling a current property.

What is a Residential Bridge loan?

A residential bridge loans is short time finance solution which can be used by the borrower during the purchase of a new house or property without selling old one. By securing the loan amount against collateral held in the existing property they can release the needed fund to complete on the new purchase before the existing property sells.

What are the advantages of Residential bridge loans?

When purchasing a new house or property the borrower doesn’t have to have a buyer in place.

Highly desirable properties can be secured quickly and easily, meaning the borrower does not lose out on the sale, for example due to a selling chain.

Getting final loan amount is simple and easy. No strict roles during the process of any loan request.

Repayment duration is flexible. Normally the duration would ranges from 6 months to 24 months.

Bridge Loan interest rates using the Bridge Direct Bridge loan calculator:

You can find out more about Bridge Directs Bridge Loan and get an instant decision using their online bridge loan calculator. Once the simple to use form is completed one of our decision makers will call back at a time to suit you with your instant decision. Each and every application is look at individually and taken on its own merit, meaning Bridge Direct will find the best deal for you and your situation.

Why choose Bridge Direct for Residential Bridge Loans?

The Bridge Direct team has 30 years of lending experience. They are not brokers, but direct lenders with direct access to more than £12 million and provides the best possible deal on your loan request.

When you have any residential bridge loan requirement you will get an instant quote from Bridge Direct simply by filling online application form you can also contact them directly or simply calling them on 020 3126 4969.

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Short Term Bridge Loans – One Stop for All Your Commercial and Residential Financing Requirements

Worrying about filling that fiscal gap between selling an existing property and completing on purchasing a new home? Do not worry, because by taking advantage of short term bridge loans you can fill all your financial gaps without the need sell any current property.

Sometimes that dream house will pass us by as it comes to market unexpectedly and at a time in which funds are not available. In this type of situation, a bridge loan is an ideal solution, enabling you to rapidly release funds from your current property to snap up that dream house without needing to worry about the sale of the first one.

Bridge loans are not just restricted to residential requirements they have a broad array of uses.

      Kickstarting new projects

      Settling large tax bills

      Supplier invoice payments.

Many businesses can often become stuck and may lose deals and let great projects pass them by as a consequence of not having the ability to fund their business and take it to the next level. By using a fast bridging finance solution, it is possible to provide you the best possible financial solutions when if you are facing these types of situations.

In most cases, a bridge loan is secured against an existing property that is mortgaged with adequate capital held by the borrower to the secured bridge loan. The sum which approved for a loan will typically depend on the value of the security the borrower owns the property. Bridge loans are a short duration finance option, and this is reflected in the interest rates they hold, which are typically higher than a traditional bank loan or mortgage. However, with a bridge loan, you don't need to worry about the rigorous checks and due diligence that comes with applying for a bank loan or mortgage.

So, if you are planning to look for a bridge loan provider or any bridging finance in the UK, then look no further and apply for a bridge loan with Bridge Direct now. The team at Bridge Direct will assess each deal on its own individual merit and will suggest the best possible bridge loan deal for you, even when you've got a poor or adverse credit history.

Bridge Direct are decision makers and are not brokers. When you call Bridge Direct you can be assured that you are speaking directly with the decision maker so you can expect an instant decision and the best possible deal on your loan request. Bridge Direct have direct access to over £12 million of funding, accept 1st and 2nd charges and have no set criteria. By providing a high quality service, Bridge Direct gained enormous popularity in the UK and cater to hundreds of bridge loan applications every day.

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A Few Advantages of Bridge Loans

What is a Bridge Loan?

A Bridge loan is a short-term financing arrangement which is normally used to secure a property purchase where funds are required before a mortgage or longer term loan can be secured. Below are the few advantages of Short-term bridge loans:

ü  When you are desperately searching for a Bridge loan but have Bad credit finance, or when your bank is taking time to approve a mortgage or longer term loan. In this situation, approaching a Bridge loan lender is going to allow you to get the funds you need quickly. A bad credit Bridge Loan specialist like Bridge Direct will be able to give you an instant decision to your bridge loan request and some cases you can expect a bridge loan approval on the same day.

 ü  When you are planning to sell a current property, currently don’t have a purchaser, and could be looking at a long time before a sale comes along, but need to complete on a new property purchase. In this situation, with the help of a Bridge loan, you could secure the capital needed to purchase the new property whilst you wait for a buyer of the existing property.

 ü  Freed capital is very useful for investors, and will help when planning to start a new project or venture. Even if you have bad credit finance, as long as you have a property to secure the loan against, a bridge loan is a viable option for you.

 ü  At Bridge Direct, we are Bridge Loan Lenders and not brokers. Therefore, we can give you an instant decision as to whether you would be accept for a Bridge Loan. With a bank this type of decision making could take weeks or even months in some cases.

When you are planning to take any type of Bridge loans out in the UK, then look no further than Bridge Direct to fulfill all of your Bridge Loan requirements!

About Bridge Direct

Bridge Direct is a bridging loan lender, and not a broker, which was founded to help consumers who are looking for a short-term bridge loans in UK. Bridge Direct has a substantial lending capital of over £12 million, and with more than 30 years of experience in both the mortgage and financial world. For more details please visit below your URL.