[et_pb_section fb_built=”1″ _builder_version=”3.0.47″][et_pb_row _builder_version=”3.0.48″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.47″][et_pb_text _builder_version=”3.21.1″]<\/p>\n
Every now and then, there may be a time when you are short of funds to meet your objectives despite having money due in the not too distant future. This is where bridging finance comes in. They are short to mid-term loans, which allow you to receive funds faster than a standard loan.<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”3.0.48″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.47″][et_pb_text admin_label=”Introducing Bridging Finance” _builder_version=”3.19.16″]<\/p>\n
[\/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”3.21.1″]<\/p>\n
Having money coming in is often not enough to satisfy certain parties. In many cases, they will need to see the finances first before transactions can go ahead. Bridging finance<\/a> can help with that, by giving you access to funds while you are waiting to be paid, yourself. The payments can often be expected within days of application, and are significantly more flexible than many other financing options.<\/p>\n Bridging loans are often used when moving home<\/a>. Somebody may have their heart set on a particular home and wish to make an offer but are still waiting for their existing home to be sold. Bridging finance will help them to purchase the new home they want with a view to paying off that loan once their current home is sold.<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”3.21.1″]<\/p>\n It is also sometimes used by businesses to help pay salaries or maybe make upgrades to equipment and\/or premises, where it is not unusual for payments on a job to not be due for several months after completion.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row custom_padding=”27px|0|27px|0px|false|false” _builder_version=”3.0.48″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.47″][et_pb_text admin_label=”The Benefits of Bridging Finance” _builder_version=”3.19.16″]<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”3.21.1″]<\/p>\n With a general understanding of what bridging finance is, it can also help to take a further look by considering some of the benefits. Here are just a few of the most popular benefits that bridging finance has to offer.<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Quick” _builder_version=”3.19.16″]<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”3.21.1″]<\/p>\n If you are in need of bridging finance in the first place, it likely means that you will need to have it accepted quickly. Bridging finance companies are generally well aware of this and your application is likely to be processed faster than standard loans.<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Flexible Repayments” _builder_version=”3.19.16″]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”3.21.1″]<\/p>\n Bridging finance loans are usually expected to be repaid in full within a certain time limit. However, you are not usually expected to pay monthly premiums as you are with other types of loans. This makes them particularly beneficial for people that do have cash-flow issues.<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Affordable Rates” _builder_version=”3.19.16″]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”3.19.16″]<\/p>\n The bridging finance market is very competitive and this helps to drive prices down. What\u2019s more is that bridging loans are generally secured against property or other assets, which further helps to decrease the cost. Shop around and you are likely to find some rates that are surprisingly low. This includes any upfront fees and interest rates that you may be expected to pay.<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Easy Acceptance” _builder_version=”3.19.16″]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”3.19.16″]<\/p>\n When a loan application is being processed there is often a great deal of scrutiny to be performed. Lending institutions want to be confident of getting their money back, and they may well reject applications that don\u2019t meet their criteria. Bridging finance loans, however, are usually secured. This means that the lender can be confident of getting their money back, making it more likely that your application will be accepted.<\/p>\n [\/et_pb_text][et_pb_text admin_label=”No Restrictions on Purpose for Loan” _builder_version=”3.19.16″]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”3.19.16″]<\/p>\n When you apply for a standard loan, there is a good chance that you will be asked questions about what you want the money for. If it was a business loan, for example, then the lender will want to get an idea of how secure the investment is. After all, they want to know that they will get their money back. Again, though, bridging finance loans are secured. This means the lender know they will get their money back and are likely to take little to no interest in what you intend to do with the money. \u00a0<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”3.21.1″]<\/p>\n So there you have it; the ins and outs of Bridging Finance. If you’re looking for a fast and affordable facility to take you from A to B, Bridging Finance<\/a> may well be the facility for you. Get the ball <\/span>rolling now<\/span><\/a> and you could have the money in your account within days.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Every now and then, there may be a time when you are short of funds to meet your objectives despite having money due in the not too distant future. This is where bridging finance comes in. They are short to mid-term loans, which allow you to receive funds faster than a standard loan. Introducing Bridging […]<\/p>\n","protected":false},"author":2,"featured_media":445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[28],"tags":[29,36,30],"class_list":["post-444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bridging-loans","tag-bridging","tag-construction","tag-loans"],"_links":{"self":[{"href":"https:\/\/simplycf.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simplycf.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simplycf.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simplycf.co.uk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/simplycf.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=444"}],"version-history":[{"count":6,"href":"https:\/\/simplycf.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/444\/revisions"}],"predecessor-version":[{"id":500,"href":"https:\/\/simplycf.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/444\/revisions\/500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/simplycf.co.uk\/index.php?rest_route=\/wp\/v2\/media\/445"}],"wp:attachment":[{"href":"https:\/\/simplycf.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simplycf.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simplycf.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Benefits of Bridging Finance<\/h2>\n
Quick<\/h5>\n
Flexible Repayments<\/h5>\n
Affordable Rates<\/h3>\n
Easy Acceptance<\/h5>\n
No Restrictions on Purpose for Loan<\/h5>\n