BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

REGULATED &

UNREGULATED LOANS

KNOWLEDGE BASE

Short-term   bridging   loans   are   an   ideal   solution   for   individuals   and   businesses   that   need   to   move   quickly   to   take   advantage   of   either   time   limited opportunities   or   resolve   emergency   situations.   They   come   in   two   principle   forms,   Regulated   and   Unregulated   loans   with   the   latter   being   much   more numerous than the former. Secured   against   residential   or   commercial   property   and   sometimes   just   against   land   they   are   designed   to   “bridge”   the   gap   until   longer   term   finance can be arranged or the underlying security is sold. Bridging   Loans   can   be   used   for   a   very   wide   variety   of   reasons,   including   the   purchase   of   a   home   when   a   property   chain   breaks   down.   A   bridging   loan in   these   circumstances   will   enable   a   homeowner   to   proceed   with   a   purchase   even   if   they   lose   the   buyer   on   their   own   home.   This   is   perhaps   the   most common use of a Regulated Bridging loan where the loan is used to buy the property the purchaser is going to live in. Regulated   bridging   loans   are   subject   to   strict   criteria   to   protect   unwary   homeowners   from   taking   out   loans   they   ultimately   can’t   afford.   They   are regulated   by   the   Financial   Conduct   Authority   (FCA)   and   fall   into   two   distinct   types,   first   charge   loans   and   second   charge   loans   otherwise   known   as consumer credit loans. All loans where the purpose is for personal, as opposed to business use, are regulated. For   all   loans   where   the   purpose   is   demonstrably   commercial   unregulated   bridging   loans   are   ideal.   These   deals   are   not   subject   to   oversight   by   the   FCA but   many   responsible   unregulated   lenders   keep   a   close   watch   on   FCA   regulation   as   a   matter   of   course   to   ensure   best   practice.   There   are   also   several strong   trade   federations,   self-regulatory   bodies   if   you   will,   that   exist   to   promote   transparency,   standards   and   best   practice.   Most   notable   amongst these   is   the   Association   of   Short   Term   Lenders   (ASTL),   the   National   Association   of   Commercial   Finance   Brokers   (NACFB)   and   the   Finance   Industry Broker Association (FIBA). These three bodies often join forces to promote training and best practice in the short-term lending industry. Typical   unregulated   bridging   deals   include   purchasing   investment   properties   at   auction   with   short   completion   deadlines   to   releasing   funds   from existing   property   to   resolve   pressing   business   creditor   issues   but   in   truth   there   are   a   huge   range   of   uses.   Whatever   the   use,   however,   speed   of completion is usually of prime importance for both regulated and unregulated loans. The   key   components   of   a   successful   bridging   loan,   be   it   regulated   or   unregulated,   are   a   suitable   asset,   acceptable   use   of   funds   and   a   clearly   defined exit   strategy.   Irrespective   of   loan   type   bridging   lenders   will   always   place   a   strong   emphasis   on   the   strength   of   a   borrowers   exit   strategy,   be   this   sale   of a property, refinancing with a longer-term lender or capital from another source. Still unsure and need to explore your options? Why not consult an expert? Central   Bridging   are   bridging   loan   specialists   with   a   great   track   record.   We   are   a   principal   lender   offering   a   range   of   loan   facilities   for   business   use from £250K to £2.5M over periods from 3 to 24 months. Our loans are secured on freehold property across England and Wales. Crucially   you   will   always   speak   to   a   decision   maker   who   will   take   time   to   understand   you   and   your   situation   and   unlike   some   of   the   bigger   banks   will then tailor a solution that best suits your needs rather than their own. 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

Short-term   bridging   loans   are   an   ideal   solution   for   individuals   and businesses   that   need   to   move   quickly   to   take   advantage   of   either   time limited   opportunities   or   resolve   emergency   situations.   They   come   in two   principle   forms,   Regulated   and   Unregulated   loans   with   the   latter being much more numerous than the former. Secured   against   residential   or   commercial   property   and   sometimes just   against   land   they   are   designed   to   “bridge”   the   gap   until   longer term finance can be arranged or the underlying security is sold. Bridging    Loans    can    be    used    for    a    very    wide    variety    of    reasons, including    the    purchase    of    a    home    when    a    property    chain    breaks down.     A     bridging     loan     in     these     circumstances     will     enable     a homeowner   to   proceed   with   a   purchase   even   if   they   lose   the   buyer   on their   own   home.   This   is   perhaps   the   most   common   use   of   a   Regulated Bridging    loan    where    the    loan    is    used    to    buy    the    property    the purchaser is going to live in. Regulated    bridging    loans    are    subject    to    strict    criteria    to    protect unwary    homeowners    from    taking    out    loans    they    ultimately    can’t afford.   They   are   regulated   by   the   Financial   Conduct   Authority   (FCA) and   fall   into   two   distinct   types,   first   charge   loans   and   second   charge loans   otherwise   known   as   consumer   credit   loans.   All   loans   where   the purpose is for personal, as opposed to business use, are regulated. For     all     loans     where     the     purpose     is     demonstrably     commercial unregulated   bridging   loans   are   ideal.   These   deals   are   not   subject   to oversight   by   the   FCA   but   many   responsible   unregulated   lenders   keep a   close   watch   on   FCA   regulation   as   a   matter   of   course   to   ensure   best practice.     There     are     also     several     strong     trade     federations,     self- regulatory    bodies    if    you    will,    that    exist    to    promote    transparency, standards    and    best    practice.    Most    notable    amongst    these    is    the Association   of   Short   Term   Lenders   (ASTL),   the   National   Association   of Commercial   Finance   Brokers   (NACFB)   and   the   Finance   Industry   Broker Association   (FIBA).   These   three   bodies   often   join   forces   to   promote training and best practice in the short-term lending industry. Typical    unregulated    bridging    deals    include    purchasing    investment properties    at    auction    with    short    completion    deadlines    to    releasing funds    from    existing    property    to    resolve    pressing    business    creditor issues   but   in   truth   there   are   a   huge   range   of   uses.   Whatever   the   use, however,   speed   of   completion   is   usually   of   prime   importance   for   both regulated and unregulated loans. The   key   components   of   a   successful   bridging   loan,   be   it   regulated   or unregulated,    are    a    suitable    asset,    acceptable    use    of    funds    and    a clearly   defined   exit   strategy.   Irrespective   of   loan   type   bridging   lenders will   always   place   a   strong   emphasis   on   the   strength   of   a   borrowers exit   strategy,   be   this   sale   of   a   property,   refinancing   with   a   longer-term lender or capital from another source. Still   unsure   and   need   to   explore   your   options?   Why   not   consult   an expert? Central   Bridging   are   bridging   loan   specialists   with   a   great   track   record. We    are    a    principal    lender    offering    a    range    of    loan    facilities    for business   use   from   £250K   to   £2.5M   over   periods   from   3   to   24   months. Our    loans    are    secured    on    freehold    property    across    England    and Wales. Crucially   you   will   always   speak   to   a   decision   maker   who   will   take   time to   understand   you   and   your   situation   and   unlike   some   of   the   bigger banks   will   then   tailor   a   solution   that   best   suits   your   needs   rather   than their own. 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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REGULATED &

UNREGULATED LOANS

KNOWLEDGE BASE

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