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Showing posts from February, 2023

Bridging Loans & Development Finance

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Property development is a highly profitable investment, but many property developers need more funds, and the whole process is still a hassle. The most common funding sources that property developers are using include bridging loans and development finance from high street lenders. If you are looking for funds to purchase a property, it is essential to understand the difference between bridging loans and development finance. You can easily find bridging loan companies and p2p lending platforms offering loans for property development. On the other hand, high street lenders are also offering loan development finance. So, you may need clarification about which one is the best option to complete a development project.  People get confused between these funding sources because of similarities, such as they are both short-term products secured against properties with no monthly repayments.  Today, we will describe a comparison between bridging financing and development finance so that you c

Question To Ask Before Securing A Bridging Loan

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A bridging loan is a short-term funding solution that provides quick access to funds. It is equally beneficial for individuals and businesses. With the increasing popularity, the number of bridging lenders has also increased, and many p2p lending platforms also offer this type of loan.  If you are securing a loan for your business needs, you need to be sure that you are choosing the right option for your financial situation and goals. External funding is an invaluable resource that helps you at each stage of your business development , but getting funds at short notice can be difficult. This is where the bridging loan comes in. It helps you get funds within as little as 48 hours of applying.  However, to find out whether a bridging loan is a right option for you, you need to consider every aspect. Here we describe some questions you must ask when considering taking out a bridging loan.  How Bridging Loans Can Be Used?   The best thing about bridging loans that makes them useful for y

What is a Bridging Loan? Complete Guidance

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When you want to buy a property while your existing property is in the process of selling, it can be not easy to tie up both dates to complete both transactions simultaneously. Or you may win a bid at auction and don't have funds ready on time. This is where a bridging loan comes in. It provides quick funding so that you can fulfil your emergency financial obligation.  You can get such loans from specialised bridging lenders or p2p lending platforms . Here in this guide, we will explain everything you need to know about bridging loans.  What Is A Bridging Loan?  Bridging loans are a short-term funding source. They are generally used to bridge the gap when you are waiting for a long-term fund to become available. Unlike mortgages, bridging loans take a small time to the arrangement. So, it can be a perfect solution if speed is important.   Here are some scenarios where you can consider bridging finance:  Your property chain has collapsed, and you do not want to lose your dream prope