Borrowing Through Bridging Loans

Bridging loans are aimed at those who require access to funds quickly but at a premium interest rate ranging from 0.9% a month to 3% would apply. Since speed is of the essence, at My Bridging Finance Solicitors (MBFS), we can source you a Bridging Loan Lender fit for your requirements and also appoint an experienced and specialist Bridging Loan Conveyancer. You will also be required to cover the Lender’s legal costs and survey fees (this is not uncommon even when you are obtaining a conventional mortgage however the costs are more expensive).

It is also worth noting that the Lender’s offer will either offer to/give the option to either retain or roll up the interest. If the Lender retains interest, then a basic example is as follows…

0330 127 1934

info@bridgingfinancesolicitors.co.uk

My Bridging Finance Solicitors, Suite 31, 33 Great George Street, Leeds, West Yorkshire, LS1 3AJ