How quickly can you get a bridging loan?
Bridging loans can normally be arranged more quickly than a standard or commercial mortgage. It is possible to get your bridging loan funds in a few days but typically it would take a few weeks.
As with any mortgage, when applying for bridging finance the lender has to assess your application, get the property valued and complete all of the necessary legal work before releasing the money.
Fortunately lenders have efficient systems in place so that fast bridging loans are possible.
Bridging loans have many uses and are not widely understood.
HOW CAN WE HELP?
Choosing a mortgage is an important financial decision and it’s easier with someone who’s on your side. We work as a whole of market mortgage broker so that you get the best possible choice of mortgages.
DRAKE MORTGAGES ARE EXPERT BUY TO LET MORTGAGE BROKERS
We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Bridging loans are one of the most useful, multi-purpose, types of lending solutions available. You can get a bridging loan approved on almost any property for almost any reason. Great for auction purchases or snapping up a buy to let bargain.
And we can arrange them really fast.