Results for tag: "Bridging Finance"

Bridging finance is a type of short-term loan used to bridge the gap between the purchase of a property and the long-term financing of that property. It is typically used when a borrower needs to secure a property quickly, but does not yet have the necessary funds to do so. Bridging finance is usually secured against the property being purchased, and is typically used for a period of up to 12 months. Bridging finance is a form of credit, and is usually provided by specialist lenders. It is typically more expensive than traditional long-term financing, as the loan is secured against the property and the lender is taking on a higher risk. The loan is usually repaid when the borrower secures a long-term loan, or when the property is sold. Some companies in the bridging finance market include Octane Capital, Together, Market Financial Solutions, Shawbrook Bank, and Precise Mortgages. Show Less Read more