How does bridging finance work?
Bridging finance is very different to your traditional mortgage lending. Essentially the lenders will lend against the value and strength of the asset, whereas traditional mortgage lending you would require to show affordability on the lending.
We take into account our client’s full financial situation to see if bridging finance is a viable option. If a bridging loan is appropriate in your case, pricing can be personalised based on your financial situation, the strength of the asset and what you are looking to achieve. That is why it is so important to discuss your project with a specialist.
When would bridging finance be used ?
Bridging Loans can be used for all type of reasons. The main reasons are as follows.
– A fast purchase is required, such as an auction.
– The property is not suitable for normal mortgage purposes.
– To bridge a gap between a sale and a purchase.
– Short term cash flow solution for businesses.
Find out if bridging finance is the correct lending solutions by speaking to one of our advisers at Mesa Financial. We do the hard work for you. We assess your case thoroughly and explain your options.
The Financial Conduct Authority does not regulate all bridging products.