Otherwise known as short-term finance or auction finance, bridging loans can be useful to businesses in any number of different circumstances.
- Auction purchases
- Paying an urgent debt
- Property development or conversion
- Property purchase or re-finance
- Cash flow injection
Bridging finance is a way of purchasing property or raising funds quickly, in some circumstances as quickly as 48 hours, for those financial needs that are urgent and potentially short-lived.
How could bridging finance help you?
The team at Watts work closely with our clients to understand what the short term funding requirement is, the likely term of the loan, how the loan will be repaid and any other requirements the client may have. We then tailor a bespoke facility to meet the clients’ needs.
The following options are available:
- Quick and simple application process with loans approved in 24 hours or less
- First and second charge loans
- Funds available quickly
- Short and long term facilities available
- Flexible rates with interest roll up
- Fees can be added to the loan
- 100% funding available with additional security provided
It is worth bearing in mind that many bridging lenders will also lend against market value rather than purchase price, which can be a useful tool for property investors and developers.
Our expertise in bridging finance
Speed is critical in bridging funding and on average we can achieve first enquiry to completion within 7-10 working days.
We are specialists in bridging finance and work with numerous bridging lenders covering all circumstances. Our recommendations mean our clients are placed with the most appropriate and competitive lender with speed and minimum fuss.
We operate a system which encourages lenders to competitively bid for our clients’ finance applications. This ultimately means better rates and terms for our clients.