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207 – GT – GTI – S – Sport – Urban – Verve – Past models – Quotes
Property secured bridging finance
Property secured bridging finance can used for any purpose, so you could spend how you wish, however it needs to be paid back within 12 months maximum. You only pay interest repayments, so you always the full amount until you clear it in one hit. The sooner you clear your property secured bridging finance funding the better fro you, as you will pay less in interest.
As long as you have enough equity in the house or home you would like to use as security, then you should find that borrowing this type of short term funding is relatively easy. |
Please be aware that failure to keep up with interest repayments or failing to clear the amount in full within a set time frame, can result in you having the property or house you used as security repossessed.
Short term bridging loans
Short term bridging loans are best used to fund property purchases especially if you have or are buying a house cheap so sell quickly to turn a quick profit. It is, short term a much better option than the other forms of secured loans, mortgage or remortgages. Please be advised that short term bridging loans are just that, short term. The longer you keep the funding in place, the more in interest you pay. We do not recommend using bridge finance to fund a new car purchase.
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