Otherwise known as short-term finance or auction finance, bridging loans can be useful to businesses in any number of different circumstances:
Bridging finance is a way of purchasing property or raising funds quickly, in some circumstances as quickly as 48 hours, for those financial needs that are urgent and potentially short-lived.
The team at Watts work closely with our clients to understand what the short-term funding requirement is, the likely term of the loan, how the loan will be repaid and any other requirements the client may have. We then tailor a bespoke facility to meet the client’s needs.
The following options are available:
It is worth bearing in mind that many bridging lenders will also lend against market value rather than the purchase price, which can be a useful tool for property investors and developers.
Speed is critical in bridging funding and on average we can achieve the first enquiry to completion within 7-10 working days.
We are specialists in bridging finance and work with numerous bridging lenders covering all circumstances. Our recommendations mean our clients are placed with the most appropriate and competitive lender with speed and minimum fuss.
We operate a system which encourages lenders to competitively bid for our clients’ finance applications. This ultimately means better rates and terms for our clients.
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