Residential Bridging Loans
How can I use Residential Bridging Loans?
Usually a residential bridging loan is used in the purchase of a new property when your old property has not yet been sold.
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Give us a call on 01702 619 221 and we can get a same day decision in principle to take any uncertainty away. Leaving you to concentrate on securing your new property.
Bridging loans are usually set up for a short term to ensure that you secure your new property while waiting for the old property to sell, and at this point you pay back the bridging loan.
You can also use your residential bridging loans for purchasing new investment properties, home improvements or repaying debts. You can normally borrow against the market value of the property not just the purchase price, so if you have got a bargain, you are not restricted by the amount you paid.
If your property is uninhabitable a lot of the high street lenders will not touch you. Our specialist bridging brokers can help you get the finance to make your property habitable to allow you to then seek a standard form of lending.
Ask the Experts – Best Residential Bridging Deals, Same Day Decision, Bridging Loans From 0.59% PCM
GWe can find you the right bridging loan for you and with rates starting from 0.59% pcm we can find you some of the cheapest deals around. Because we are an independent whole of market broker we are not tied to a specific lender which means we can find you the deal that suits your needs and budget. Amber Mortgage Solutions invite you to contact us on 01702 619 221. Alternatively, you are welcome to use our convenient enquiry form and we will respond to your questions promptly.