How to Use Bridging Loans to Snap Up Land Before It’s Got Planning
If you are committed to making real money through property development, a smart move would be to purchase the land BEFORE the planning permission is granted. Sellers are usually worried, the price is almost always better, and you have complete control over what is going to happen on the site. Win-win. The big problem? Ordinary […]
Gap Finance vs. Bridging: Similar, But Different
The intricacies of property finance in the UK is often found to be confusing, particularly when people tend to mistake the use of “gap finance” and “bridging finance” interchangeably. Lenders and financial advisers alike even confuse these terms, likewise many borrowers or the general public are completely unaware of the differential elements to each. This […]
Homeowners and the Rise of Chain-Breaker Bridging Loans
Property chains are the most terrible things, aren’t they? One person gets cold feet, a survey report finds some damp, a buyer’s mortgage gets declined… and the whole thing falls down like a deck of cards. You have no buyer for your place, the house you wanted gets taken by someone else, and you are […]
Is a 24 Hour Bridging Loan Possible?
When dealing with property related financial transactions, time is everything as delays cost money and can lead to you missing out altogether. In the right conditions, a bridging loan could be granted within 24 hours with funds in your bank in as little as 48 hours, or 2 working days. Explaining the ’24-hour’approval When people […]