Commercial Bridging Loans – The Benefits

What are the benefits of arranging a commercial bridging loan?
Commercial bridging loans allow you to buy property that might otherwise be unavailable to you. A bridging loan give you the cash you need to buy the property quickly and can be instantly repaid once you take out a remortgage on your new property. For most serious property investors, a good commercial bridging loan can make all the difference between a successful purchase and a failure.

The benefits of commercial bridging loans

If you’ve never taken out a commercial bridging loan before, you’ll want to know what’s in it for you. By choosing the right commercial bridging loans provider, you can start a relationship that will last for the whole of your property developing career, allowing you to buy below market value properties and turn them into profit:

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  • Immediate decision–

    unlike a traditional mortgage, commercial bridging loans providers can usually give you an immediate decision based on the information you give them.

  • Secure on the actual market value –

    most mortgages will only give you the money you need to fund the purchase. A commercial bridging loan can be based on the actual market value of your property, so you can buy at below market value and take your bridging loan on the higher market amount, giving you additional cash to play with.

  • Allows you to move quickly –

    if you can secure finance ahead of anyone else who’s interested in the property, you have a much better chance of securing a deal. Commercial bridging loans give you the speed and flexibility you need.

  • No redemption penalties –

    the other downside of a traditional mortgage is that you are often tied in for a certain period before you can repay. This can have serious consequences for your cash flow. A commercial bridging loan can be repaid as soon as you have the funds to do so, leaving you free to move on to your next property.

  • Income doesn’t matter –

    commercial bridging loans are made available solely on the value of the property you buy. You don’t need to have or prove an income in order to be approved for a commercial bridging loan.

These are just some of the benefits that a good commercial bridging loans company can bring to your business, helping you to invest more efficiently and effectively.

Faster Bridging Finance has developed a new approach to commercial bridging loans that saves you time, money and hassle. Developed specifically to help those who invest in property occasionally or who have large property portfolios and want to be able to get cash out quickly, the service uses a dedicated mortgage broker and conveyancing solicitor so that there are no hold-ups, just a straightforward bridging deal.

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