An Enormous Spike in Bridging Loan Completions Confirms Suspicions That the UK Has Both Warmed To and Become Dependent on Bridging Loans
Online PR News – 15-August-2014 – Leicester – An impressive spike in the number of bridging loan completions over the past year verified the predictions of he UK’s leading short term financial authorities. Bridgingloans.co.uk is delighted at the announcement that a full 32% increase in completed bridging loans has been recorded over a 12-month period, which could to a great extent help quell the stigma that has traditionally surrounded these largely misunderstood financial products.
Property is once again the hottest commodity in the UK and in order to ensure no opportunities are missed, short term financial solutions like bridging loans are simply essential. Bridgingloans.co.uk hopes the news will inspire others to take a genuine look at the options available to them and make sure that no opportunity is ever missed again due to a simple financial shortfall.
Total Customer Commitment
“As we are constantly involved in the volume administering of bridging loans we know what each of our individual lenders require to enable a case to be sourced, processed and completed in the quickest possible timeframe. Each case until complete is regularly and systematically reviewed by our highly qualified internal administration team and dedicated case handler. At the very least progression on each and every case is reviewed and actioned formally, twice per day. You will have one contact point at the company who will be responsible for and will own all aspects of your case from start to finish.” – Bridgingloans.co.uk
Businesses, property investors and domestic homebuyers alike have always been plagued with financial problems in and around the time of acquisition or transition. Bridgingloans.co.uk offers short term financial solutions to ‘bridge’ all such gaps, without the requirements of taking out conventional loans or mortgages.
From businesses in need of quick investment capital to property owners looking to refurbish ahead of a sale and right through to homeowners trying to lock down a purchase before their own home has been sold, these are the real-life everyday scenarios in which financial shortfalls can prove catastrophic. The news that more UK borrowers than ever before are turning to bridging loans suggests that the country as a whole is in agreement that such services are no longer optional.
Low Interest, Low Fuss
“Bridging loans are used primarily for property related reasons and can be secured on most residential property or land in mainland UK (subject to valuation) whether habitable or not. Funds raised from bridging finance can be used for pretty much and legal reason, provided it is agreed with the lender from the outset. Depending on the use and criteria, rates currently start from 0.65% per month and for a term of usually up to 12 months, albeit longer periods can be negotiated either at the beginning or throughout the initially agreed term of the loan.” – Bridgingloans.co.uk
It’s been clear for some time that certain sectors of the UK public are no longer willing to jump through seemingly unnecessary hoops and be pushed from pillar to post in order to obtain short term financial assistance. This feeling is something Bridgingloans.co.uk has always supported fully and hopes will now be shared by more borrowers going forward.
Bridgingloans.co.uk is a leading UK finance broker & principle bridging loan funder with a unique commitment to transparency and customer service excellence. Bridging loans are offered on the back of comprehensive and digestible information to ensure rational and beneficial decision making across both domestic and professional circles alike. The team takes great pride in pioneering innovative new services to meet the short-term financial needs of UK borrowers from all walks of life. For more information or to get in touch, check out www.bridgingloans.co.uk