Bridging Loans
Easy Bridging Loans Plc understands and recognises many
individuals and companies require short term loans for
a variety of reasons.
Short term loans can be generally referred to as "Bridging
Loans".
Listed below are several typical situations of why bridging
loans may be required:
Bridging loans may be used when individuals
are looking to purchase their own domestic home but their
banks or building societies are unable to complete on
time.
Easy Bridging Loans plc has completed a domestic purchase
in 27 hours!!!!
Bridging Loans may be used if Individuals
purchase a residential property, for reasons other than
for their own occupation, such as an investment or development
opportunity where a quick loan is required.
Bridging Loans can be needed if Individuals
are seeking capital raising on their own homes or indeed
any other acceptable residential or commercial property
that they own or may be purchasing to get a quick loan.
Individuals purchasing a residential or commercial property
at an Auction could use Bridging loans.
This could be because their banks or building societies
are unable to lend until such time as the property is
in a mortgageable condition.
Easy Bridging Loans Plc lends on value
no matter what condition the property is in.
Companies seeking to raise money on their premise may
apply for Bridging Loans.
Bridging Finance is particularly convenient
to counteract a short-term cash flow problem.
Easy Bridging Loans Plc can complete loans, even to companies,
in under 48 hours and pride themselves in providing quick
loans.
Why do Easy Bridging Loans Plc stand out from other companies
who are offering Bridging loans?
Easy Bridging Loans Plc is able to lend to individuals
and companies even if they have an existing mortgage.
This form of lending is also referred to as " Second
Charge Bridging Loans".
Consider this scenario:-
The Challenge.
A client owned his house valued at £250,000.
He had a mortgage with his building society of £78,000.
Mr A
The client wished to purchase a residential property for
investment, the asking price was £250,000. He needed
to complete the transaction in under 4 days, thus needed
a quick loan.
The Solution.
Easy Bridging Loans Plc lent the client a Bridging Loan
of £250,000.
This amount lent was 100% of the new property purchase
price.
Easy Bridging Loans Plc was able to arrange this 100%
funding package by simply registering a second charge
on the clients existing property and registering a first
charge on his new property.
The entire transaction was completed in under 72 hours
from the time the client decided to make contact with
Easy Bridging Loans Plc. Another successful quick loan.
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