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Ideal Finance Solutions - Features

Bridging Loans - Facts

Short term bridging loans provide a fast and flexible solution for a specific need.

  • Often associated with residential and commercial property purchase, bridging loans can also be used to plug a funding gap pending receipt of monies awaited or to assist with a temporary cash flow problem.
  • More expensive than other forms of funding and hence best utilised over short periods in the absence of availability of more appropriate funding products.
  • Usually non status and providing there is a “clear exit” for the lender, the credit assessment of bridging finance applications is generally less rigorous than for other forms of finance.

Features of bridging loans

  • Can be arranged quickly – in as little as 24 hours if necessary
  • Flexible terms – from one month upwards
  • Interest can be rolled up into the loan
  • Interest rates from 1% per month. An arrangement fee is usually also payable
  • First and second mortgages