For short-term funding to meet an immediate need, bridge financing (otherwise known as a bridging loan) could be your solution. For example, maybe you want to buy a property but have not sold your current home, or you need to pay an unexpected tax bill. A bridging loan will help you ‘bridge the gap’ and provide quick access to the funds you need until you can make alternative funding arrangements.
A bridging loan is a short-term secured loan (typically 12 months or less) that provides an immediate cash boost. It is possible to borrow large sums of money, and the repayment terms can be flexible to fit in with your plans.
However, as bridging loans are typically more expensive than other ways to borrow money, seeking expert advice would be prudent. We can advise you on the risks, assess whether another form of funding would be more appropriate and access deals unavailable to you by going directly to a lender. Then, with our knowledge and access to the whole of market, we can match your needs to the right bridging loan and resolve your short-term financing needs.
Bridging finance could be used for lots of reasons, for example:
If you need a bridging loan, we can guide you through the process and help you secure your loan swiftly. We start by understanding your needs and assessing whether a bridging loan is the best option for your circumstances. We will then search the market to find the right loan for you. Once you are happy to proceed, we will help you to complete the paperwork and manage the process to its completion. Decisions are often made quickly, so you should have swift access to the funds.
By using Foresight to secure your bridging loan, you will have peace of mind that you have sourced the most competitive deal for your situation.
For help sourcing and arranging your bridging loan, please get in touch.
The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
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