To ensure you get the right bridging loan for you, MoneySuperMarket have partnered with Fluent Mortgages and their expert Bridging advisors.
Fluent will need to speak to you regarding your requirements. The below information will help Fluent to contact you with a recommendation or, alternatively, you can give them a call on the number below.
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Get advice on the right bridging loan for you from Fluent Mortgages
Before you proceed you must be able to confirm Yes to the following;
You are aware that a bridging loan is secured against an asset. In most instances, this is a property you either own, or intend to purchase.
If you intend to purchase a property, your offer to purchase has been accepted by the seller and you have at least 35% of the value of the property available as a deposit.
If you are refinancing you have at least 35% equity remaining in the property. Example: Property value £100,000, loan amount of £65,000 = £35,000 or 35% equity.
You have an exit strategy to repay the loan e.g. sale of property or a refinance plan agreed.
You can evidence income to demonstrate that you can afford the interest payments on your loan.
You are aware that lender fees and valuation fees are payable.
How much are you looking to borrow?
What is the value of the property you are borrowing against?