The team at Central Mortgages has access to a wide variety of bridging finance experts, ensuring that whatever your reason for needing financial assistance in the short-term, we can help you find it. If you are a property developer a bridging loan could be invaluable, as the tool to ensure that a transaction goes through smoothly and on time.
Many property developers look for bargains at auction, but in such a fast-paced environment you often need the finance in place prior to an auction beginning. In these instances it is vital that you have bridging finance to help cover the cost of a transaction, with auction rules meaning that you then have time to secure the finance to complete the transaction over the following weeks.
For other property developers there is a need for a property to be heavily renovated, refurbished, or even demolished and the plot of land used to rebuild. In these cases, bridging finance can help where a traditional mortgage provider might not be willing.
Where there is any need to redevelop or renovate land or property, bridging finance allows you to take advantage of funding that helps you to renovate with a view to making money on the property once the project has been completed. This quick access to funds can also help property developers to take advantage of market conditions, unearthed gems on the market, as well as to finalise negotiations and transaction on tight deadlines.
To find out more information please contact the Central Mortgages team on 01277 630 183 or office@centralmortgages.net.
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