High-speed bridging loans

Being able to secure a bridging loan quickly could make the difference between success and failure for your project.

At DIYfunding, many of our success stories have involved arranging a high-speed bridging loan. A bridging loan is a short-term loan, which often needs to be arranged quickly. It allows you to proceed with a particular project until long-term funding is put in place. Secured against a freehold property asset, bridging loans are usually arranged for any amount of time between 1 day and 12 months.

Through DIYfunding we can give you access to many lenders who specialise in providing bridging loans for up to 85% of the property value for a wide variety of purposes such as:

Residential sales

Moving house is thought to be one of the most stressful experiences we can go through. Even when the process goes smoothly, there are still a lot of things to take care of and issues to resolve. Unfortunately, there are occasions when the process doesn't go so smoothly: for instance, when you are committed to buying a property, but are suddenly unable to sell your own property because your buyer pulls out. Clearly this can cause problems and often the best option is to take out a short-term bridging loan. This allows you to proceed with your new purchase, paying off the bridging loan once your previous property has sold.

High-speed business finance

Businesses in all sorts of different sectors are doing deals all the time and very often these deals are subject to time pressure. In most cases, everything comes together at the right time and the business deal can go ahead, but there are occasions when a deal needs to complete before the business finance has been approved. A high-speed bridging loan can often be the solution that allows the business deal to go ahead.

Cash-flow problems

Many businesses experience cash-flow problems at one time or another and, in most cases, these periods can be covered by an extension of the business overdraft or an injection of cash by the owners. A bridging loan is another alternative and one that many of our clients use to help see their business through a difficult trading period.

Commercial property

Very often the purchase of a commercial property needs to happen quickly. This is particularly true when a property is being bought at auction. When you purchase a property through an auction you only have 28 days to raise the finance and complete the purchase. Often there simply isn't time to raise a long-term commercial mortgage and the solution is a bridging loan.

At DIYfunding we give you access to numerous lenders who specialise in delivering high-speed bridging loans for a variety of purposes. Not only is a loan of up to 85% of property value possible but also our lenders understand that speed is sometimes crucial. As a result bridging loans can be arranged in as little as 5 days from start to finish.

For more information about high-speed bridging loans, apply online at www.diyfunding.co.uk.

Keith Park