After discussing your requirements, we can begin the application process. We can aim to complete the loan transfer within a matter of days, providing you with a quick and efficient service. Below is a step by step guide to the bridging loan process:
1. Enquire about a bridging loan
Please provide us with information on your personal circumstances and the kind of bridging loan you need. We can get you a decision in principle within two hours.
2. Get your intial bridging quote
We will recommend a bridging loan for you, based on your situation and will then match you with a lender. We will be able to provide you with full details of the loan so you know exactly what’s involved.
3. We explain the terms of the loan
If you are happy to proceed, you will need to agree to the terms and conditions by signing and returning the form. We will then instruct the lender to proceed.
4. Legal and valuation
The legal work and valuations for your bridging can then begin. You will need to arrange your own solicitor to help the lender with legalities and requirements. The lender will organise a valuation report and will pass on these details to their solicitor to carry out the legal work. Once this all has been finalised, the process is nearly complete.
Funds are released to your solicitor for legal completion. You will then have access to the funds straight away.
Get to work calculating bridging loans and your finance options today.