Hassle-Free Bridging Finance Solutions

For those looking to take out a bridging loan, the choice of lenders can be bewildering! 

It makes sense that you will get a better rate by using a broker, as they can assess your application quickly, help you present it in the most attractive way & then put it in front of the most appropriate lenders. Meaning your application for bridging loan finance has the best chance of succeeding. 

We will cover all the benefits in detail but here are the headline reasons you should use a bridging loan broker…

Why Bridging Finance Solutions are Straightforward with Brokers:

• Brokers have better access to lenders, some of whom will only work with brokers & not with the general public.
• For those new to the world of bridging loans, a broker is essential to explain the various terms & processes, so that you fully understand the agreement you are negotiating.
• Lenders are more likely to offer their best bridging loan rates to brokers that they have a relationship with than a one-off customer. Thus, a good broker may be able to give you access to some great deals.
• A broker can look at your application with an experienced eye, giving you advice on how best to appeal to a lender, or any downsides they believe a lender might see in your application. Your broker can then present your application on your behalf in a way that improves your chances of success.
• A broker takes the majority of the stress out of the bridging loans process, allowing you to focus on the other important details of your project.

Not convinced? Well…

Working With A Bridging Loan Broker Means No Hidden Surprises

Bridging loans are usually required within a very tight time frame, meaning that some borrowers don’t have much time to consider the ramifications of the financial agreement they are entering into. 

On top of this, whilst bridging finance has reduced in cost in recent years, thanks to the abundance of lenders entering the market, this is still a more expensive form of borrowing than more traditional loans & finding the best bridging loan rates can be a real challenge.

Letting a broker come up with transparent & cost effective bridging finance solutions that are tailored round you & that fit your requirements gives you peace of mind that not only are you getting a really good deal, you won’t be stung with any hefty charges.

A Broker Can Help You To Put Together A Convincing Bridging Finance Proposal

We're a specialist bridging loans broker & our team has decades of collective experience. We know what lenders want to see in a proposal & we know what warning signs they are on the lookout for. 

This means we can give your application finesse where it needs it, & if we think it is borderline with a particular lender as to whether they would approve it, we can pick up the phone & speak to one of our contacts & explain why we think they should proceed.

A Broker Knows The Bridging Finance Market

The world of finance is a fast-moving industry, meaning that it is very difficult for even the most seasoned investor to know which lenders are the best for their circumstances. 

The lender that is right for you today may not be the right one for you tomorrow, which is why it is important to be able to put your details in front of as many lenders as possible. Achieving this without a broker is likely to be very time consuming & frustrating. 

A bridging finance broker is also able to move the process through much more quickly, so that you can have your agreement completed & ready to go before any rates may change.

Brokers Have Better Access To Bridging Loan Lenders

Not only do brokers have a better understanding of the financial market & the lenders that they work with, but they also have better access to lenders than the general public. This means they are able to compare bridging loans not commonly available & find the best bridging loan for you. 

Some bridging lenders are firm on working only with brokers, rather than customers directly. A trusted broker offers you access to all of the lenders available, rather than just some of them.

We've have access to a very large number of lenders & we can offer bridging finance without the restrictions you probably would face if you limited your application to just a few lenders. The bridging loan rates we can source will likely be much more attractive too. 

Our bridging loans offer interest rates from 0.44% - to see how much your loan could cost then click here to open our bridging loan calculator.

Our bridging loans are perfect for:

• “Bridging the gap” between purchase & sale
• Providing working capital
• Downsizing business
• Restructuring
• Term facility repayment
• Asset purchase or refinance

Key features of our bridging loans:

• FCA regulated & unregulated loans available
• 1st & 2nd charge loans
• Residential & mixed use security property
• Interest calculated daily
• Rolled interest
• Valuations & legal fees at purchase price

Typical criteria for our bridging finance solutions:

• Minimum loan size £26k
• Maximum loan size £25m+
• Residential & mixed use security
• Land with planning considered
• Max. LTV 65% MV
• No upper age limit
• Individual, corporate & trust borrowers
• Realistic & viable exit

A Broker Knows what Bridging Finance lender Is The Most Appropriate

Lenders run on a strict risk vs reward principle, ensuring that the money they lend is more likely to be returned to them. Lenders who have the lowest interest rates & best products will typically be the choosiest about who they lend to. The bridging finance solutions that are offered by one lender may only be available & applicable to a few.

When it comes to approving bridge funding you should consider the following if you decide to approach lenders directly:

1. Since many lenders having very strict rules on who they will & will not lend to you may find your application is repeatedly declined, a fact that will be disclosed to future lenders moving forward. For the pickiest lenders, a number of declined applications will be viewed as a weakness in your application & could lead to more rejections.
2. You will be required to submit a lot of information to prove that you can afford to repay the loan. Whilst this will likely be the case when you apply for a traditional loan anyway, needing to collate & provide the same information again & again for multiple bridging loan applications will tie up a lot of your time & could mean that you miss out on the opportunity you need funding for.

A broker is able to approach the right lenders for your circumstances, fight for your application to be approved, & due all the legwork meaning your valuable time is freed up. All this & they will very likely get you a much better deal as well!

They may even conceive of bridging finance solutions that you may never have thought of, but due to their experience & access to lenders are straightforward for them to arrange on your behalf.

Bridging Finance Brokers Can Reduce Stress & Give Advice

Any situation in which you are applying for credit is stressful, but for those who have time-pressing constraints it can be really draining.

When trying to complete a purchase on a property, traditional mortgages will ask you to complete a mortgage valuation & complete various legal documents. If you are trying to take out a bridge loan at the same time, & the lender keeps asking for information & updates, it could be difficult to manage. 

Putting together bridging finance solutions is not easy for the inexperienced. A brokers job is to get you the best possible deal on your loan. They provide management & advice throughout the process, helping to make sure your application is completed quickly & has the best chance of succeeding. 

Contact Us

We can help you to find the right lender & bridging loan for your needs, no matter how complex or niche your requirements. We offer a broad range of products, ranging from £25k to £25m & rates start at just 0.44%, ensuring that you find a loan that suits you in no time at all.

Call us on 01202 612934 or email info@finbri.co.uk to make a start on your application, or complete our Quick Enquiry form to give some basic information about yourself & your funding requirement. Our professional team are here to come up with bridging finance solutions that work for you.