Large Bridging Loans £500,000 Upwards In London And Throughout The UK

Large Bridging Loans – Short Term Non Status Funding in London and throughout The UK

Bridging loans or Bridging Finance is a fast, short term funding solution for property investors available on a completely non status basis. Knowing that funding is available within a matter of days, and that it is not contingent on the credit worthiness of the borrower, gives property professionals the confidence to act on opportunities that may not have been possible in the past.

Since the primary reason for a Bridging Loan is speed, the application process is streamlined, allowing for credit decisions to made within hours, rather than the many weeks from the normal high street banks. Furthermore, because the funding for these bridging loans often comes from private investors, it removes the need to deal with faceless credit committees and due diligence hoops that can often be found with the big banks.

In order for a bridging loan application to be successful, and due to the fact the loan is offered on a non status basis, the most important element of the proposal is the strength of the property asset being used as security. Therefore, in all cases, the stronger the asset, the more chance a property investor will get the finance that they desire. It is for this reason that a recent valuation, by a reputable firm of Surveyors will always be sought, before making a credit decision.

The Benefits Short Term Bridging Loans:

• The loan is non status and “self cert”.
• The application is based on a loan to value of the property – not income multiples.
• Buying property under value is possible.
• No company accounts are required.
• There are no monthly payments to be made, as it is all deducted from the loan.
• Funding is available on all sorts of properties.
• The loan process only takes a few days.

About Pure Bridge:

Pure Bridge use a unique finance model that allows them to offer funding through their network of private investors, rather than dealing with the high street banks. They package and underwrite large bridging loans for these investors, allowing for an application to remain free from the restrictions of dealing with the big banks, and affording the application process to be as quick and smooth as possible.

For more information about Large Bridging Loans in London and throughout the UK visit http://www.purebridge.com.

Further Reading

Bridging Finance London