BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

RESIDENTIAL

BRIDGING LOANS

KNOWLEDGE BASE

Residential   bridging   loans   can   help   clients   in   a   variety   of   situations.   They   are   designed   to   be   flexible,   fast   and   to   help   meet   applicants   pressing   financial needs when dealing in the property market. When   considering   residential   bridging   loan   applications,   a   lenders   primary   focus   will   be   on   the   value   of   the   security   property   and   the   applicant’s   exit strategy.   Residential   loans   can   be   used   in   a   wide   variety   of   circumstances,   they   can   be   regulated   or   unregulated   and   they   can   be   offered   on   a   first,   second or even third charge basis. Perhaps   the   most   common   use   of   a   residential   bridging   loan   is   for   clients   to   purchase   a   new   property   when   they   have   failed   to   sell   their   existing   property, these situations often arise when there is a broken property chain. In   such   scenarios   a   buyer   pulling   out   can   leave   the   next   person   in   the   chain   with   an   offer   and   a   deposit   on   their   potential   new   home   in   jeopardy.   A residential   bridging   loan   can   tide   the   purchaser   over   until   they   are   able   to   sell   their   own   property.   This   type   of   loan   would   be   a   regulated   loan   subject   to oversight by the Financial Conduct Authority (FCA). Residential   bridging   loans   can   also   be   secured   against   residential   property   for   business   purposes,   provided   the   proceeds   of   the   loan   are   used   for demonstrably   commercial   reasons   such   as   purchasing   an   investment   property   at   auction   or   raising   funds   against   an   existing   property   for   either   a   capital injection or to settle outstanding business debts. These   bridging   loans   are   not   subject   to   oversight   by   the   FCA   but   responsible   self-regulatory   bodies   such   as   the   Association   of   Short   Term   Lenders   (ASTL), the   National   Association   of   Commercial   Finance   Brokers   (NACFB)   and   the   Finance   Industry   Broker   Association   (FIBA)   who   work   to   maintain   tight   industry standards. Both   regulated   and   unregulated   residential   bridging   loans   can   be   completed   quickly,   interest   can   be   built   into   the   loan   ensuring   they   do   not   have   to   be serviced,   early   repayment   charges   are   rarely   applied,   and   terms   offered   by   reputable   lenders   are   very   transparent   with   no   hidden   fees.   In   short,   they   can   be a powerful tool for both consumers and businesses in a wide variety of applications. 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

Residential   bridging   loans   can   help   clients   in   a   variety   of   situations.   They are   designed   to   be   flexible,   fast   and   to   help   meet   applicants   pressing financial needs when dealing in the property market. When    considering    residential    bridging    loan    applications,    a    lenders primary    focus    will    be    on    the    value    of    the    security    property    and    the applicant’s   exit   strategy.   Residential   loans   can   be   used   in   a   wide   variety of   circumstances,   they   can   be   regulated   or   unregulated   and   they   can   be offered on a first, second or even third charge basis. Perhaps    the    most    common    use    of    a    residential    bridging    loan    is    for clients   to   purchase   a   new   property   when   they   have   failed   to   sell   their existing   property,   these   situations   often   arise   when   there   is   a   broken property chain. In   such   scenarios   a   buyer   pulling   out   can   leave   the   next   person   in   the chain    with    an    offer    and    a    deposit    on    their    potential    new    home    in jeopardy.   A   residential   bridging   loan   can   tide   the   purchaser   over   until they   are   able   to   sell   their   own   property.   This   type   of   loan   would   be   a regulated   loan   subject   to   oversight   by   the   Financial   Conduct   Authority (FCA). Residential    bridging    loans    can    also    be    secured    against    residential property   for   business   purposes,   provided   the   proceeds   of   the   loan   are used    for    demonstrably    commercial    reasons    such    as    purchasing    an investment    property    at    auction    or    raising    funds    against    an    existing property   for   either   a   capital   injection   or   to   settle   outstanding   business debts. These    bridging    loans    are    not    subject    to    oversight    by    the    FCA    but responsible   self-regulatory   bodies   such   as   the   Association   of   Short   Term Lenders   (ASTL),   the   National   Association   of   Commercial   Finance   Brokers (NACFB)   and   the   Finance   Industry   Broker   Association   (FIBA)   who   work   to maintain tight industry standards. Both    regulated    and    unregulated    residential    bridging    loans    can    be completed   quickly,   interest   can   be   built   into   the   loan   ensuring   they   do not   have   to   be   serviced,   early   repayment   charges   are   rarely   applied,   and terms   offered   by   reputable   lenders   are   very   transparent   with   no   hidden fees.    In    short,    they    can    be    a    powerful    tool    for    both    consumers    and businesses in a wide variety of applications. 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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RESIDENTIAL

BRIDGING LOANS

KNOWLEDGE BASE

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