BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

FAQS

The following FAQs apply to loans secured on residential property only. Are you a lender or a broker? We   are   a   lender.   We   have   our   own   funds   and   solicitors.   We   are   also   Lender   Patrons   of   the   ASTL   (The   Association   of   Short-Term   Lenders),   the   NACFB   (The National   Association   of   Commercial   Finance   Brokers)   and   FIBA   (The   Finance   Industry   Broker   Association).   One   of   our   Directors   sits   on   the   Executive   Board of the ASTL (  www.theastl.org  ). What is a bridging loan? It is an interest only, short-term business use loan secured on property. What can I use a bridging loan for? Any demonstrable business use or expenditure. What type of property can be used as security? Freehold and leasehold residential property and freehold commercial property. How much can I borrow? We offer loans from £250K to £2.5M on a first charge basis and £250K to £1.0M on a second charge basis. What types of loan do you offer? We arrange first and second charge loans on freehold and leasehold residential property and on freehold commercial property. How long can I arrange a loan for? First charge loans are offered over terms of 3 to 24 months. Second charge loans are offered over terms of 3 to 24 months. Are there any upfront fees? Yes.   As   a   lender   we   incur   costs   in   setting   up   your   loan   and   we   pass   these   onto   you.   These   can   include   application,   legal   and   valuation   costs.   We   provide bespoke quotations in all circumstances detailing these costs exactly. Do I need a solicitor? Yes.   As   a   lender,   we   have   our   own   solicitors   who   carry   out   our   own   legal   due   diligence   for   us.   We   always   ask   borrowers   to   take   independent   legal   advice with   their   own   solicitors,   who   will   charge   you   for   this   service.   If   you   do   not   have   a   solicitor   that   is   known   to   you   a   selection   of   law   firms   can   be   found   on   our Solicitors Panel. I am self-employed or I do not have up to date accounts, does this matter? Not necessarily. We would consider this in conjunction with the intended purpose of the loan and the redemption plan offered to pay the loan back. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, Granary Wharf, Wharf Road, Burton on Trent, Staffordshire, DE14 1DU Tel: 03332 400 506   Email: enquiry@centralbridging.co.uk   Web: www.centralbridging.co.uk Central Bridging is a trading style of Central Bridging Loans Ltd. Registered in England & Wales | Company Registration Number 07728274. Central Bridging is not regulated by the Financial Conduct Authority (FCA). All loans arranged by Central Bridging are non regulated contracts as defined under The Financial Services and Markets (Regulated Activities) Order 2001 and the Financial Service and Markets Mortgage Credit Directive Order 2015. © Copyright Central Bridging Loans Limited Privacy Policy
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BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

The following FAQs apply to loans secured on residential property only. Are you a lender or a broker? We   are   a   lender.   We   have   our   own   funds   and   solicitors.   We   are   also Lender   Patrons   of   the   ASTL   (The   Association   of   Short-Term   Lenders),   the NACFB   (The   National   Association   of   Commercial   Finance   Brokers)   and FIBA   (The   Finance   Industry   Broker   Association).   One   of   our   Directors   sits on the Executive Board of the ASTL (  www.theastl.org  ). What is a bridging loan? It is an interest only, short-term business use loan secured on property. What can I use a bridging loan for? Any demonstrable business use or expenditure. What type of property can be used as security? Freehold   and   leasehold   residential   property   and   freehold   commercial property. How much can I borrow? We   offer   loans   from   £250K   to   £2.5M   on   a   first   charge   basis   and   £250K   to £1.0M on a second charge basis. What types of loan do you offer? We   arrange   first   and   second   charge   loans   on   freehold   and   leasehold residential property and on freehold commercial property. How long can I arrange a loan for? First charge loans are offered over terms of 3 to 24 months. Second charge loans are offered over terms of 3 to 24 months. Are there any upfront fees? Yes.   As   a   lender   we   incur   costs   in   setting   up   your   loan   and   we   pass   these onto   you.   These   can   include   application,   legal   and   valuation   costs.   We provide   bespoke   quotations   in   all   circumstances   detailing   these   costs exactly. Do I need a solicitor? Yes.   As   a   lender,   we   have   our   own   solicitors   who   carry   out   our   own   legal due   diligence   for   us.   We   always   ask   borrowers   to   take   independent   legal advice   with   their   own   solicitors,   who   will   charge   you   for   this   service.   If you   do   not   have   a   solicitor   that   is   known   to   you   a   selection   of   law   firms can be found on our Solicitors Panel. I   am   self-employed   or   I   do   not   have   up   to   date   accounts,   does   this matter? Not   necessarily.   We   would   consider   this   in   conjunction   with   the   intended purpose   of   the   loan   and   the   redemption   plan   offered   to   pay   the   loan back. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, Granary Wharf, Wharf Road, Burton on Trent, Staffordshire, DE14 1DU Tel: 03332 400 506  Email: enquiry@centralbridging.co.uk Web: www.centralbridging.co.uk Central Bridging is a trading style of Central Bridging Loans Ltd. Registered in England & Wales | Company Registration Number 07728274. Central Bridging is not regulated by the Financial Conduct Authority (FCA). All loans arranged by Central Bridging are non regulated contracts as defined under The Financial Services and Markets (Regulated Activities) Order 2001 and the Financial Service and Markets Mortgage Credit Directive Order 2015. © Copyright Central Bridging Loans Limited Privacy Policy
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FAQS

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