10 Brilliant Bridging Loan Companies You Must Contact

10 Brilliant Bridging Loan Companies you must contact

Every person needs quick financial support in any kind of emergency.

Our society is full of that kind of organizations who are providing needed support as helping hand in tough time.  

You can search the internet with keyword bridging loan companies in the UK, a list of all the companies providing bridging loan will appear.

But,

You don't need to push yourself too much on searching as we have compiled the list at one place and come with the best result.


Top 10 Bridging Loan Companies

  • Ralph Property Finance 
    Maximum LTV : 80%
    Loan Term : 6-36 months
    Loan Amount : £40,000 to £5 million
    Monthly Interest Rate : 0.5%
    Phone No. :  0161 649 2008
    Click here for details :
    Bridging Loan
  • Finanta
    Maximum LTV : 80%
    Loan Term : 1-24 months
    Loan Amount : £25,000 to £10 million
    Monthly Interest Rate : 0.45%
    Phone No. :  0203 780 7610

    Click here for details : Bridging Loan
  • United Trust Bank
    Maximum LTV : 70%
    Loan Term : 1-36 months
    Loan Amount : £100,000 to £10 million
    Monthly Interest Rate : 0.55%
    Phone No. :  020 7190 5555
    Click here for details :
     Bridging Loan
  • Shawbrook Bank Bridging Loan
    Maximum LTV : 75%
    Loan Term : 1-24 months
    Loan Amount : £50,000 to £15 million
    Monthly Interest Rate : 0.55%
    Phone No. :  0345 848 0223
    Click here for details :
     Bridging Loan
  • Lend invest Bridging Loan
    Maximum LTV : 75%
    Loan Term : 1-36 months
    Loan Amount : £75,000 to £7.5 million
    Monthly Interest Rate : 0.59%
    Phone No. :  020 7118 1133
    Click here for details :
     Bridging Loan
  • Octopus Bridging Loan
    Maximum LTV : 70%
    Loan Term : 1-36 months
    Loan Amount : £50,000 to £25 million
    Monthly Interest Rate : 0.60%
    Phone No. :  0800 294 6850
    Click here for details :
     Bridging Loan
  • Fortwell Bridging Loan
    Maximum LTV : 80%
    Loan Term : 1-18 months
    Loan Amount : £5 million +
    Monthly Interest Rate : 0.65%
    Phone No. :  0333 240 1792
    Click here for details :
     Bridging Loan
  • Oblix Bridging Loan
    Maximum LTV : 75%
    Loan Term : 1-12 months
    Loan Amount : £50,000 to £5 million
    Monthly Interest Rate : 0.65%
    Phone No. :  020 7495 1927
    Click here for details :
     Bridging Loan
  • Together Bridging Loan
    Maximum LTV : 75%
    Loan Term : 1-24 months
    Loan Amount : £26,000 to £500,000
    Monthly Interest Rate : 0.65%
    Phone No. :  0161 451 3150
    Click here for details :
     Bridging Loan
  • Funding 365 Bridging Loan
    Maximum LTV : 75%
    Loan Term : 3-12 months
    Loan Amount : £100,000 to £5 million
    Monthly Interest Rate : 0.65%
    Phone No. :  0800 689 0650
    Click here for details :
     Bridging Loan

What is a bridging loan?


It is a short-term loan given by bridging loan companies with high-interest rate and for a short of time.

They offer very high-interest rates because of service of providing a big amount without any background check. 

They give you money at their own risk and ask you to pay higher interest rates.

Read in Details : What Is Bridging Loan And How Does It Work? 







Types of bridging loan

The bridging loan is of two types, one is the closed bridge and other is the open bridge. These both types of loans have some minors things are different.



You have to follow all the guidelines suggested by the loan provider company to get the big amount as loan.



Sometimes it is not enough to approach the loan provider for the requirement of money. You need to discuss all the things like cause of loan, a time period of return, etc. Closed Bridging Loans: You can also guess the meaning of this type of loan from the name. You have to return the amount within closed time or bounded time.



The term and conditions will be provided by the company executive. Due to time limitations to return the money this loan is called the close Bridging loan. Open Bridging Loans: You might have to pay some extra money to get open Bridging loans. These loans are given without time limit.



You can return money when you have sources to return it. You will get this type of service after paying some extra interest. The causes of higher interest are the services which they will provide you.
The bridging loan companies use bridging loan calculator before giving any loan to customers. These type of calculator help them to decide rate interest and many other things. The loan calculators are used for both closed bridging loans and open bridging loans. The deciding measures are different for every company but the patterns of providing loans are approximately similar.



Usual Cause of Loans:-

There might be many reasons for taking Bridging loan. But usually, people take it for a new house, new property, for marriage, etc.

You can also see many more bridging loan examples in your society. These all things required a very big money and it is very difficult to arrange such a big amount for an ordinary family.

The bridging loan remains the only way to fulfill their requirements.
The bridging loan examples in Business are also famous among corporate who need a big money for short term. This type of loan may help to give new heights to any business.


The high rates of interest do not matter in the business where you are investing it for a big profit.

How you can get bridging loan

The process of getting a bridging loan is not much complex and slow like other bank loans. You can easily get the Bridging loan within short of time.

The person who wants to get the bridging loan can direct approach to the company or their agent who are dealing with bridging loans.

They will clarify about necessary paperwork and other required things. You no need to have background history to approach for this loan.

The loan provider companies will give you the loan without checking about your history and sources of income. They only take this type risk to get high-interest rates.

The bridging loan companies will provide you the loan within short of time. The Bridging loans are usually taken for short terms.

You have to pay a higher rate of interest to get a big amount from bridging loan provider companies.

The return policy of money will depend on the type of your loan you are availing.

You have to return loan within a limited time if it is closed bridging loan and you can take your time for open bridging loans.



How do Bridging Loan Work for a Property Developer




Advantage of bridging loan

There are many advantages of the bridging loans according to the conditions you are facing.
  • You get instant money within short time
  • You no need to have background for this kind of loans
  • The big amount can be taken for many purposes
  • Bridging loans are more flexible than other loans
  • You can take this type of loan for both long-term and short-term
  • You can directly approach Bridging loan companies if you required instant money
  • Bridging loans can be taken for all purposes like business, for a new home, for functions, etc.

Why people usually not prefer bridging loans


You can observe many benefits of the bridging loans but there is always another side of the coin. The middle-class families who want some money usually not prefer bridging loan due to high interest rates.

The services of the taking of bridging loans are much better than simple loans. You can easily get the bridging loan instead of complex terms and conditions of banks and other loan providing bodies. The higher rates of interest will compile you to return much more than the actual amount.

Sometimes we face that type of emergency where we need big money instantly.  In these types of conditions, higher interest rates do not matter much. The bridging loan calculator is the perfect solution for the emergency requirements.
You can get a big money instantly without showing any performance or background data as bridging loans.  You can approach any bridging loan company in the UK to get loans as your needs.

The company has a good reputation in the market will be good option to approach. These type of companies are very helpful in critical conditions. You should do a good research before asking any help from any Bridging loan providing companies.

General FAQ's Related To Bridging Loan You Must Read





Comments

  1. It is full comprehensive guide. Good job.

    ReplyDelete
  2. I was looking for this kind of information. Thanks a lot dear.
    Your blog is very interesting & informative.Thanks for sharing such useful information regarding loans

    ReplyDelete
  3. This comment has been removed by the author.

    ReplyDelete
  4. The blog really assists me much and it’s been a week that I’ve been searching on this topic. Thanks for sharing my information regarding bridge loan.

    ReplyDelete

Post a Comment

Popular posts from this blog

Bridging Loan for Home Purchase in the UK