Bridging finance lenders comparison

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Bridging finance lenders

Bridging finance lenders comparison just got easy through one of our friends websites. Instead of trawling through pages and pages of search results, looking for the actual lenders rather than brokers, complete one form which will go to a plethora of lenders who will get back to you on your enquiry for bridging finance and short term borrowing needs. There are certain thing you need to take heed of if you haven't actually used short term finance bridging styled funding before.

You only make interest payments monthly, to clear the advance, you need to pay it all off in one go.

Minimum amount tends to be around £27,000.00 with no real upper limit.

A property is needed for security, and this is at risk of repossession should you default on interest payments or fail to clear the full amount in the allotted time.

There may be valuation fees on the house or building used as security.

There could be set up fees depending on the lender you go with.

However, the upside is that if you know for a fact that you can clear the full amount within a relatively short time frame, it is more competitive than a traditional secured loan.

Bridging finance

Check with the lender you decide to go with on any additional fees that may be garnered before the loan is processed. Knowing exactly what the fees are with a couple of different lenders could actually save you a packet on the advance. Good look in your comparison of bridging finance lenders.