280k Bridging Loans – Apply Now
Bridging loans are an essential financial tool for UK SMEs, providing a temporary solution to bridge financial gaps while awaiting permanent financing. This loan type facilitates the quick acquisition of properties or covers immediate cash needs.
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of 280k Bridging Loans?
Key benefits of bridging loans include swift access to significant funds, typically within 5 to 14 days, and adaptable lending terms suited for various assets across numerous business scenarios.
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What are the different types of 280k Bridging Loans?
Property Bridging Loan
Property bridging loans range from £50,000 to over £10 million with terms between 1 to 24 months. Applicants must have a viable exit strategy, such as property sale or refinancing.
Business Bridging Loan
Business bridging loans range from £25,000 to £500,000 and last 3 to 12 months. Applicants need collateral and a clear repayment plan to secure funding.
Auction Finance Bridging Loan
Ideal for auction purchases, these loans require a 25% deposit and proof to complete within 28 days to facilitate quick property acquisition.
What is a 280k Bridging Loan?
Application Process and Timescales
Bridging loan applications require detailed collateral information and exit strategies. Decisions occur swiftly, often within 24-48 hours, and funds are available within a week to ensure business continuity.
Regulatory Compliance
In the UK, bridging loans are regulated by the FCA for transparency when secured on a main residence ensuring fair practices.
Borrowing Capacity and Rates
Loan amounts start from £25,000, influenced by collateral value and borrower creditworthiness. Rates range from 0.4% to 2.0% monthly, depending on risk factors.
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