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
Facebook Logo Google+ Logo Instagram Logo LinkedIn Logo Twitter Logo Google Maps Logo YouTube Logo ASTL Logo NACFB Logo FIBA Logo London Chamber of Commerce and Industry Logo

REGULATED &

UNREGULATED LOANS

KNOWLEDGE BASE

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