Bridging finance is a short-term mortgage secured against your property. It can be a mechanism to release equity from your home quickly before refinancing with another lender. Bridging loans can also be used to buy a new home before your current property sells, renovate a property before you put it up for sale or upsize or downsize without going through a lengthy mortgage process. There’s practically no limit to how this type of financing can be used.Contact A Broker
Involving Enness well before the auction will make this kind of property purchase as easy and straightforward as possible. Armed with this information, you’ll be well-positioned to make the right bid, based on what you know you can borrow and what you can afford.
Bridging finance can be an excellent vehicle for very short-term finance. Short-term bridging loans can be complex to arrange, so this type of finance tends to be an option when you need to borrow significant capital, even if it’s for a very short period.
Bridging loans can be used in lots of different scenarios related to the sale and purchase of residential property. Residential bridging loans are exceptionally flexible and there are very few limits on how you can use this type of loan, provided a few basics are in order.
Just because you need a large loan, that doesn’t mean you’ll have to endure a lengthier transaction: Enness will be able to secure offers for large bridging loans as quickly as possible and always within the timeframe you need.
From negotiating a deal for you to helping you plan for elements like foreign exchange risk and where to seek legal advice, Enness will be with you at every step of the way to ensure your transaction is swift, easy and hassle-free.
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