Short term capital raising - Borrow against one or more residential investment properties and use funds for any legal purpose e.g.:
- Property renovation
- Child education bills
- Car purchase
- Deposit for another property
- VAT payment
Speedy residential purchase under distress - Take advantage of a speedy residential purchase at a discount, and then refinance the loan over the coming months.
Broken residential chain - Use the Bridging loan taken out against an existing property (as long as it is not the borrowers home) to allow the borrower to complete on the purchase of a new home when the buyer of the existing property pulls out.
Mortgage offer pulled - Secured against a new property where a mortgage offer has been pulled so as to complete the purchase providing several months to find and secure a long-term mortgage.
Property improvement - Property investors often wish to renovate a property in a few months and subsequently sell. A bridge can often prove to be the perfect vehicle for this short-term capital requirement.
Buying at auction - Giving you the ability to place the 10% deposit and settle in full within 14-28 days (at risk of losing the deposit if you don't complete) where traditional lenders are unable to complete in the timeframe and refinance over the coming months.
Pre-approval: DrawDown Facility - A pre-arranged, pre-approved limit that can be drawn down against a property at a moments notice allowing you to make the most of being able to move fast.