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Follow on Google News | Property Loans with Bridging LoansBridging loans offered some great solutions in helping to purchase your own flat or house. We will definitely help you in finding suitable loans from our side and assist you arranging money for buying property.
By: Oliver Smith Bridging loans offered some great solutions in helping to purchase your own flat or house. The loans offered by them are secured. Secured loans come with low-payment schedules and longer repayment period. They are cost-effective because of the low-interest rates. With bridging loans, you have to secure your existing home or new home as Collateral. Secured loans are easy to get because of the reduced risk for the lender. Preferred Rates and Fees Bridging loans offer you great interest rates for financing property. They are understood as the reputed loan company amongst the thirty UK lenders. Their networking with the other lenders and banks is strong. They have access to all kinds of updated interest rates in the loans market. The interest rates offered by bridging loans is compared to other banks, and lenders and as per your convenience, they negotiate an appropriate rate with you. Time Frame Bridging loans take less than ten days for your application to process and get approved. This is a normal time frame, although in some circumstances or in an emergency the situation can be different. The money can be made available to you also within 24 hours of time frame. It depends on your need of the hour. There is a fast completion procedure which is another alternative for the money to reach you within few hours of your application. Let the agent of bridging loans be aware of your situation and possibilities of getting fast approval. Loan Amounts Bridging loans offer you between £15,000- £15,000,000. They also have access to Hedge funds that go above £15 million. The loan amount varies as per your Collateral agreement. It also depends on the property you are going to use as a security for the loan. Bridging loans accept commercial property, leasehold property, residential freehold and land in the United Kingdom. Purchase Price You are allowed to borrow hundred percent of the purchase price. This is a condition only if you have other properties or additional property as security. The second option is when you buy a property that is below the market value then there is a chance for you to borrow hundred percent without any added security. You are close to your dream coming true, if you have already made your decision. This article has surely cleared your existing doubts on buying a new home. You are perhaps thinking about getting started with bridging loans. Be assured that they are the only loan company in the U.K which will help you to get the home you need. Visit :- http://www.belgraviacommercial.co.uk/ End
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