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Bridging Finance

Date: Thu, 06 Oct 2005

It is a matter of course that many of us face difficulties timing the selling of a property in conjunction with the buying of a new property. These delays are sometimes a problem in respect of the financing of each property in the interim period that could be crippling to the parties involved, especially if two mortgages need to be paid during this time.

Bridging Finance can therefore be the solution during these times whether it be for commercial or residential circumstances although in most cases the former is where such solutions are usually used.

There are many different lenders in the marketplace who are able to offer such products each of which will have its own, distinct, qualification rules and required documentation during the initial approval process. One of these requirements in most cases will be the ability to put up collateral for the bridging loan, which could be anything from significant work machinery to one of the properties themselves.

Bridging loans, due to their very nature and higher risk will come at a cost, usually with higher interest rates than standard loans, but without the ability to attain such a product many property transactions may well fall at the wayside.

Bridging Finance from Endsleigh Financial

If you are currently interested in the benefits of bridging finance or simply want to discuss your situation further please click here and fill in our short contact form.

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Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.