Bridging loans lenders comparison with MiniHatchInsurance.co.uk

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Bridging loans

 

Bridging loans, since the financial global meltdown have become an increasing popular way to borrow in the UK. Whilst the FSA (the Governing Body for Finance in the UK) have tightened up borrowing and credit procedures, bridging loans still remain largely unregulated which makes them easier to come by than standard secured loans, mortgages and in some cases, remortgages. This means that even if you don't have that perfect credit score which seems to be needed for funding nowadays, you may still be able to borrow in the form of short term bridging loans.

 

We have tried to list as many direct lenders as we can so that you have ample choice to make your comparison of bridging loans through. Please be advised that not every lender will be represented, just a handful that we found, through personal experience, are easy to deal with, and who do not try to blind you with science when talking financial stuff.

 

There are things to consider when you are looking at short term funding through bridging loans. A property is needed as security. You need to discuss with the lender whether they lend on a first or second charge basis. You only make interest repayment of a bridge until you are ready to clear the amount in full. The property that you use as security is liable for repossession should default on interest repayments, or fail to clear the full amount within the specified time. We are not lender ourselves, nor are we licenced to offer any form of financial advice, so if you do have questions, please direct at the lender you choose, or all of them so that you know what the score is.

 

 

Compare bridging loans

 

Simply by contact the lenders that are featured on this page, gives you the option of being able to compare bridging loans, whether it be repayments terms, interest rates or if there are any set up fees. We hope you find a good deal on your bridging loan.

 

 

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