If you want a TSB Bridging Loan, then it is important to not just search for TSB Bridging Loans as their are a lot more lenders besides the TSB who offer this type of financial product, at the last count there were over 80 other lenders who offer bridging loans and finance at UK Bridging Finance we can search the whole of the market in order to find the best interest rates on offer and also a loan that fits your borrowing criteria, this way you will know that you have a loan that is right for you.
A bridging loan is a short-term financial product that is used by borrowers to bridge a gap in a short-term finance requirement, either to make a property purchase or sometimes used to access equity from a property if you cannot source a personal loan or other means of finance, you basically offer the property as security for the amount you borrow, the loan is more than likely taken out for a period of 1 month up to 12 months, you would then pay the loan back either when you sell your property or from funds due to your from some other source.
Typically a TSB Bridging loan would be used as follows:
Purchase of a property quickly.
If you need to act quickly to make a property purchase bridging finance is going to be the only option open to you as no mortgage provider can provide a loan as fast as a bridging lender can, in today's mortgage market you will be lucky to get a loan in less than 8 weeks at the very best, with a bridging loan this can be as little as 1 week so you become a serious buyer in the vendors eyes.
A TSB Bridging Loan can also be used if you are buying at a property auction, the loan will allow you to complete the purchase within the 30 days that an auction house gives you to pay for the property, you can pre-arrange bridging finance before the auction with a decision in principle before you make a bid for a property.
Bridging Loans are also used to repair a property chain that has broken due to one or more of the sellers of buyers withdrawing from the transaction you would use the finance to carry on with the transaction and then pay it back once your property has sold.
What Next about your Bridging Loan?
Contact us to go through all of the options that are available to you can use chat, our web form or give us a call any time day or night and at the weekend.
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"Great service arranged my Bridging finance where others had failed Zara worked tirelessly to get my deal over the line"
"Zara arranged a bridging loan for a project that was far from simple, she was always there to take my calls and offer advice highly recommended"
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