Bridging finance in Berwick-Upon-Tweed

You might need this loan when speed is your top priority or traditional banks say no.

• Buy a home at auction within strict deadlines.
• Keep your purchase moving if a property chain breaks.
• Fix up a run down house that is currently unmortgageable.
• Buy a new home before you sell your old one.
• Act as a cash buyer to secure a competitive deal.

Your broker will guide you through the fast paced application and valuation process.

• Provide property details and your plan to repay the loan.
• A surveyor will visit to confirm the property value.
• Solicitors perform rapid legal checks to secure the loan.
• Sign a legal charge giving the lender security.
• Interest is often added to the loan total instead of monthly.
• Expect monthly rates around 0.5% to 1.5% as a guide.

Having a bridge in place gives you the power to move faster than other buyers.

• Secure your dream home even if your sale stalls.
• Win properties at auction with total confidence.
• Start renovation projects without waiting for bank approvals.
• Avoid losing a deposit when timing gets tight.
• Bridge the gap during complex property transitions.

Brokers and lenders look at the property and your exit route rather than just your income.

• They check if the property offers enough security.
• Your repayment plan must be realistic and achievable.
• Fees often include arrangement, valuation and legal costs.
• The loan can be ready in just 7 to 14 days.
• Interest costs are higher than standard mortgages due to speed.