Bridging Loans are an ideal short term solution whilst longer term financing is being arranged. Generally over 6-12 months, they can be used for short term needs such as:
- Stock for your business
- To pay your VAT bill
- To purchase or invest in property
- Working Capital for your business
Bridging Loans will always be secured against commercial property, investment property or land.
You will usually pay interest monthly, although in some cases interest can be added to the loan and paid when the loan is settled in full.
ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT