At Central Mortgages we have access to a wide range of providers of bridging loans, suitable to many different types of clients, projects, and financial situations. There are several reasons why you might be in need of bridging finance, to bring in short-term financial support for your personal property and/or home.
If you own property, or your own home, bridging finance can be used to ensure you can quickly secure a new property without having to worry about quickly selling your current property. It can be of great assistance should you suffer from a broken property chain, as well as for those with a dream of building their own home.
Other times that a bridging loan can help a homeowner is if they are looking to conduct some refurbishment or renovation. For those aiming to convert an outbuilding to living quarters, bridging finance can help to find the project, whilst the same can be said for those looking to downsize, buying a smaller property before the sale of an existing home.
When a property purchase or sale is going through it can sometimes be difficult to maintain a strong cashflow, or to have the money in place at the right time. Bridging finance helps borrowers to have that cash in place during a property transaction, covering any potential problems. This is ideal in an auction situation, where transactions are undertaken at a fast pace initially, with a set period of time to complete the transaction post auction.
For help with bridging finance as a homeowner contact the Central Mortgages team today on 01277 630 183 or office@centralmortgages.net.
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