How A Bridging Loan Helps You
When you are in a hurry to secure a property purchase but do not have the funding ready to do so, this presents a huge obstacle. A bridging loan can steer you around it and allow you to move ahead with the deal.
If you are successful with your bridging loan application, you will receive the money you need within a few days – or even a few hours in some cases. Bridging finance can be arranged much quicker than a regular bank or building society loan, which can take anywhere from a few weeks to a few months to process – by which time the property in question may have been sold to someone else.