Welcome
to the bridging loan resource centre.
The
aim of this web site is to help individuals who are in need of some
form of finance to "bridge a financial gap". For most
people and most brokers the need for a bridging loan is a one off
experience so it is hard to get advice from other individuals that
have had a need for a bridging loan.
Most
importantly this site has been put together through my own personal
experience of this type of finance and to help people avoid some
of the less reputable lenders. It may also lead to you being able
to find a cheaper alternative to this kind of finance, or help you
to find a high street bank that can help. I have been a mortgage
broker for many years and have specialised in people looking for
a bridging loan for nearly five years. I do not wish to give my
identity, to try and make sure that this web site is as unbiased
as possible. Using this web site will give you the tools you need
to make sure that if a bridging loan is the most suitable solution
you have the right questions to ask to make sure you avoid ending
up with a lender that may let you down by reneging on the original
terms of the loan or one that will allow you to complete but will
have hidden terms that may mean you will pay more than you think.
All
brokers that wish to be added have been vetted by me to make sure
they are offering a professional service and all lenders are vetted
to make sure they do not impose unfair terms.
To
get the most from this web site please click on the sub-headings
under the tabs. This will give you a better understanding of the
industry and within the "what should I ask?" section you
can download a form so that you are able to ask the right questions.
I would finally like to say that I would advise that you use a broker
as they will place you with the best deal across the whole of market,
also som2e lenders are more comfortable if the deal is being handled
by the broker as some assurance of an exit route can be given. For
example, if the bridging loan is nearing the end of its term then
maybe a longer term form of financce can be arranged such as a mortgage
or secured loan. If you have any comments you would like to make
please use the contact section where you can submit a comment.
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