With over 500 bridging lenders in the fragmented bridging market, it is crucial that both new and experienced property investors use the services of a specialist bridging finance broker. This blog will elaborate on the importance and advantages of working with an experienced and well-connected bridging finance brokers such as Tiger Financial. It will also discuss bridging loans in general, so you are fully clear on how they work before you apply for one.
Bridging finance lenders assess each applicant on a case-by-case basis; and there is always room for negotiation when it comes to whether the loan is approved or not and at what rate. A good bridging finance broker in London will familiarise themselves fully with your situation and circumstances and will be able to address any perceived negatives a lender may raise. They also have the experience to negotiate on your behalf to reduce any lender fees and secure you the lowest possible rate on your loan when they can.
Having a specialist representing your interests during negotiations will take a lot of the pressure off you. With their experience, they can often argue your case more effectively than you could.
There is a great deal of work involved in applying for a bridging loan, not least if there are time pressures involved. From researching the market to making loan applications, dealing with lenders, taking care of all the paperwork and legalities and more, the loan process can take up a huge amount of your time.
A bridging loan broker can handle much of this for you, reducing the stress and freeing your time up to focus on other aspects of the transaction.
As noted, winning fast approval for a bridging loan involves a huge amount of work and effort, from the initial application to completion. Working with a broker means you know you have everything under control, and that there’s always an expert paying constant attention to the situation.
With a broker doing the legwork for you, all you need to do is focus on the tasks that only you can do, like providing documents and personal information, for instance.
Are you interested in taking out a bridging loan in the UK? It’s well worth looking at the services we offer here at Tiger Financial. Our company is a leading bridging finance broker in London specialising in all types of bridging loans and development finance.
We have more than ten years of experience in the market and are committed to providing industry-leading funding solutions for residential and commercial properties alike.
By working with us, you are guaranteed to receive the help and advice you need through the entirety of the lending process – from the loan inception to its closing. Our website also has useful tools, such as an exclusive bridging loan calculator, to help keep you informed of all you need to know.
For more information about our services, get in touch with us via our contact page at https://tigerfinancial.co.uk/contact-us/. If you have any questions not addressed in this blog, you can contact us by phone on 020 7965 7261 or via email at email@example.com.
Bridging finance is a short-term flexible funding option used by property investors and developers to take advantage of investment opportunities that are not eligible for mortgage funding. For example, a bridging loan can be used to refurbish a property, purchase quickly at auction, reposition by splitting the title or changing the consent, or even to raise equity for investment in further acquisitions.
Bridging financing terms and conditions tend to be more flexible than a normal mortgage. Interest rates can range from 0.4% per month to over 1% in certain circumstances. These rates may appear expensive compared to mortgages. However, they are two different products that are used for different purposes, so they should not be compared.
If you would like more detailed information about bridging finance, call one of our highly experienced bridging loan representatives here at Tiger Financial.
Get in touch to get a bridging loan fast.