When taking out a bridging loan, it’s crucial to have a clear exit strategy to ensure you can repay the loan on time and avoid any penalties or fees.
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Bridging loans can provide several benefits to borrower.
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Bridging loans are a type of short-term financing that can be used to bridge a gap in funding between the purchase of a new property and the sale of an existing property or to fund short-term financing needs for businesses.
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Bridging loans can be used for a wide range of purposes
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Bridging loans can be used by various individuals and businesses for multiple purposes. Here are some examples of who can use a bridging loan:
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The process for obtaining a bridging loan can vary depending on the lender and the specific loan product. Here are some of the typical steps involved in the process.
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In the UK, bridging loans can be regulated or unregulated, depending on the specific circumstances of the borrower and loan circumstances.
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A bridging loan is a type of short-term financing that helps bridge a temporary cash shortfall when buying a new property before selling an existing one.
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- Date: January 24, 2023
- By: Sterling Commercial Finance
- Categories: Property
Buy to let mortgages are a type of loan for buying a property you intend to rent out to tenants. You would usually be letting for a profit, or at least to break even. Most buy-to-let mortgages in the UK are interest-only, with the landlord paying the monthly interest using the rental income.
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- Date: January 19, 2023
- By: Sterling Commercial Finance
- Categories: Property
Most businesses in the UK rent rather than buy their own business premises however there are advantages to owning your own commercial property.
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