Bridging Loans FAQs
We've listed below some of the more frequently asked
questions concerning Bridging
Loans.
If you require further information on bridging loans
& cheap bridging loans, or your particular
question is not answered to your fullest satisfaction
through our Bridging Loans FAQs, please contact
us immediately.
You can also contact us by telephone or email - please
click here to contact Easy Bridging
Loans PLC.
Read Our Bridging Loans FAQs Below
How much can I borrow as a bridging loan?
Our bridging loans are typically from £27,000 to
£1 Million. We may also consider bridging loans
outside of this range - please contact us if you would
care to discuss a specific situation to get a quick loan.
How soon can I have the money for my bridging
loan?
We have actually completed a quick bridging loan within
27 hours from the first enquiry and application. In most
cases three to five working days is a sufficient time
in which to complete any Bridging Loans.
What are the charges on Bridging Loans?
Our typical interest rates range from 1.25% per month
to 1.95% per month for bridging loans.
What are the penalties if I pay back the bridging
loan more quickly than agreed?
Easy Bridging Loans Plc offers complete flexibility in
their loan terms. Unlike other Companies, you decide upon
the bridging loan term but you are always able to extend
the period to suit your own circumstances.
You will only pay for the period of interest that you
use.
What security is required for me to get a bridging
loan?
First Legal charge and Second Legal Charge on the property
provided as security for your quick bridging loan.
What is a Second Legal Charge for your bridging
loan?
If you own a property with an existing mortgage, Easy
Bridging Loans PLC is still able to consider a quick bridging
loan whilst your current mortgage is in place. You will
not have to repay your existing loan. This is known as
Second Charge Lending.
What is the level of advance that you are prepared
to offer for the bridging loans?
Typically, Easy Bridging Loans PLC is able to consider
advancing up to 75% of the value of any acceptable security,
to provide you with a quick loan.
What happens if my property is already mortgaged,
how much more can I borrow?
The level of 75% is still available but your existing
mortgage will have to be deducted from this amount for
your quick loan.
You mention that Yo Do loans. Do you lend to
individuals with impaired credit?
We lend to individuals with a poor credit history. We
will accept applications from an individual with CCJ's
to give you a quick loan.
Are there any cases that you will not accept
for bridging loans?
We will not lend to Bankrupts, however there are opportunities
for you to involve Easy Bridging Loans PLC in your negotiations
for discharge with your Trustee or Official Receiver.
What types of property is acceptable as security
for bridging loans?
We will accept standard residential and commercial property
as securities on bridging loans.
What should I do if I have been refused by another
Lender as my security is not conventional?
Easy Bridging Loans PLC is a "hands - on" lender
and we are able to take entrepreneurial views. Contact
us with your enquiry even if you property is "out
of the norm" to get a quick bridging loan
How is Easy Bridging Loans PLC able to act so
swiftly?
Easy Bridging Loans is a Principal Lender - lending it's
own funds. We avoid excessive and lengthy bureaucracy
or "red tape".
You will deal DIRECTLY WITH THE DECISION MAKERS for your
quick bridging loans & cheap bridging loans.
What's the catch?
There isn't one! Easy Bridging Loans PLC is at the heart
of the property market with experience in providing bridging
finance for over 20 years. We have extensive experience
within the bridging loan sector. We set the highest standards
in courtesy, professional diligence and business ethics.
|
