We are experienced mortgage advisers based in Surrey. Alongside clients in Byfleet, Guildford and Woking, we also have a growing number of customers that we work with Nationwide.
If there’s no time for hanging around Bridging loans are a fast, short term finance solution secured against the property to bridge the gap until longer term finance can be arranged. Bridging finance should not be considered a replacement for more traditional mortgage lending. Repayment strategy “exit” will always be required and you will need to demonstrate how you intend to clear the repayment amount. Given the short-term nature interest rates on a bridging loan can be a lot higher than mainstream lending.
Bridging finance is suitable for quick refurbishment, buying inhabitable properties for renovation, buying properties at auction, lease extensions, new business venture and much more.
A secured loan, also known as a homeowner loan or a second charge mortgage, enables you to borrow against your property using your home as a security. These loans can be used for most legal purposes.
Secured loans are well established in the mortgage market and can provide you with the much-needed additional funds when you are looking to raise capital for home improvements, debt consolidation or any legal purpose if the remortgage or normal further advance is not an option for you at this time. Think carefully before securing other debts against your home.
As an experienced mortgage broker, we have lots of great contacts and can refer you to a specialist who can help you with the Bridging Finance or a Secured Loan. If you are looking to get honest advice from an expert mortgage agent then please get in touch with us today.
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