Is Bridging the right choice for you?

Is Bridging the right choice for you?

Quite often when people are in need of an immediate loan to buy property for commercial or personal reasons, and are not able sell their existing property, they opt for a bridging loan. Bridging loans are generally taken by people who are in need of immediate financial funding, however because bridging loans are made available very quickly, and because they are short
Quite often when people are in need of an immediate loan to buy property for commercial or personal reasons, and are not able sell their existing property, they opt for a bridging loan. Bridging loans are generally taken by people who are in need of immediate financial funding, however because bridging loans are made available very quickly, and because they are short term loans, clients are quite rightly charged higher rates of interest by the lenders. A small number of unscrupulous lenders, who offer loans with a very high interest rate to people in need of immediate financial help, will very soon face severe scrutiny.