Crossing Financial Gaps with Confidence

Short-term financing solutions designed to address urgent needs, bridging loans provide the flexibility and speed required to seize opportunities and overcome financial hurdles.

Key Benefits of Bridging Loans

  • Quick Access to Capital: Address immediate financial needs with expedited funding.

  • Flexible Repayment Options: Tailored plans that adapt to your unique circumstances.

  • Seize Opportunities: Act quickly on time-sensitive opportunities without delays caused by traditional financing.

Bridging Loans Crossing Financial Gaps

Checking your eligibility won’t affect your credit score.

Who needs bridging loans?

Bridging Loans: Tailored for Unique Situations

Bridging loans are short-term property financing options designed for situations where traditional mortgages are either unavailable or impractical. They act as a bridge to secure funding quickly, enabling you to seize opportunities or resolve urgent needs.

Here are a few examples of

  1. Property Flipping: Use bridging loans to purchase and refurbish a property before selling it at a profit.

  2. Property Renovation: Increase a property’s value through renovations and refinance with a mortgage based on its higher value.

  3. Auction Purchases: Secure funds within the 28-day completion window typical for property auctions.

  4. Development Projects: Acquire land or finance uninhabitable properties for redevelopment.

  5. Chain Breaks: Bridge the financial gap when waiting for the sale of an existing property to complete.

Bridging loans are an ideal solution for individuals, property developers, and businesses seeking fast and flexible financing for property-related projects.

FAQs

How does a bridging loan work?

A bridging loan provides short-term financing by covering the gap between purchasing a property and securing longer-term funding, such as a mortgage. You can receive funding quickly, often within a few days, enabling you to act decisively.

What can bridging loans be used for?

  1. Buying properties at auction.

  2. Financing renovations or refurbishments.

  3. Acquiring land for development.

  4. Purchasing uninhabitable properties.

  5. Resolving chain breaks in property transactions.

Can I use a bridging loan for personal and business needs?

Yes, bridging loans can be tailored to suit both personal and business requirements, making them versatile for various financial needs.

How quickly can I access funds through a bridging loan?

Funds can typically be accessed within a few weeks, and in some cases, even within a few days, depending on the lender and application process. 

Are bridging loans suitable for businesses?

Yes, bridging loans are ideal for businesses seeking to move to new premises, fund renovations, or secure commercial property investments.

Example:
A company needs to purchase a new commercial property but is awaiting the sale of its existing premises. A bridging loan covers the deposit for the new property. Once the current premises are sold, the loan is repaid along with any interest.

What are the costs associated with bridging loans?

Bridging loans often have higher interest rates than traditional mortgages due to their short-term nature. Additionally, there may be arrangement fees, valuation fees, and legal fees involved.

Free Quote, Smooth Journey: How Ocean View Consultancy Works

At Ocean View Consultancy, we make securing business loans simple, fast, and stress-free.

Here's how it works:

  1. Compare the Market: Access rates and terms from over 250 trusted lenders, ensuring you find the best funding option tailored to your needs.

  2. Tailored Evaluation: Your business is assessed on meaningful metrics, such as cash flow and disposable income, giving you better approval chances.

  3. Fast Approval: From application to funds in your account in as little as 24 hours.

We understand small businesses and are committed to presenting your business in the best possible light, giving you access to more options and greater flexibility.

Remeber!!! Checking your eligibility won’t affect your credit score.

Trusted Allies in Your Success

Why not get in touch?

We’re Here to Help – Get in Touch

Have questions about our services or need assistance with your loan application? We’d love to hear from you! Simply fill out the form below or reach out via email, and one of our dedicated team members will respond within 12 hours.

Contact Options:

Email Us - info@oceanviewconsultancy.co.uk

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It’s fast, free and it won't affect your business’ credit score.