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Bridging Finance
Bridging finance is probably the most under used form of financing. A bridge can provide fast access to funding with the minimum of fuss.
Bridging finance can be used in a number of different circumstances, e.g. refurbishment - buying dilapidated properties and then renovating and selling them in a short space of time. One of the most common usages is when people buy a new property before their present one is sold - "a bridge" gets you across a hurdle preventing you from moving forward.
With bridging finance, the loan will always be secured against residential or commercial property. A first or second charge will be taken against new or existing property, or a combination of both.
Rates and terms are dependant on your situation, however it costs nothing to call and discuss.
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