A Checklist for Accessing A UK Bridging Loan
Bridgecrowd - Bridging Loan | Peer to Peer Loans
by Simon Thompson
4y ago
If you’re looking for a checklist to access a UK bridging loan because you may be looking to invest in and develop a property, for example, then you’ll need to understand and appreciate the pros and cons before doing so. Essentially, a bridging loan will offer an investor a short-term borrowing solution and this type of alternative finance is not just aimed at those wanting to invest in property. Instead, the number of purposes for bridging finance is literally endless and will include: A business wanting to invest in new stock A business owner wanting to buy premises Paying an urgent tax bil ..read more
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Our Guide to Understanding Bridging Loan Rates
Bridgecrowd - Bridging Loan | Peer to Peer Loans
by Simon Thompson
4y ago
This is The Bridge Crowd guide to understanding bridging loan rates for anyone interested in this type of alternative finance. There’s no doubt that while the bridging finance application process is a simple and quick one, understanding how these loans work is not always as straightforward. This means some people may still be wary about the potential that bridging finance can do to resolve a financial issue, for example, to buy or develop a property. There are a number of issues to consider before you look at bridging loan rates, including: What is your bridging loan for? How long is it neede ..read more
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4 Tips You Need to Use a Bridging Loan Calculator
Bridgecrowd - Bridging Loan | Peer to Peer Loans
by Simon Thompson
4y ago
If you are looking for tips on how to use a bridging loan calculator and why they are important for potential borrowers, then this article is for you. Firstly, a bridging loan calculator will help you understand how a bridging finance provider will draw up their quotes and how much these loans will cost. Most lenders will have a calculator on their website to help give you a rough idea of how much someone can borrow using a bridging loan. It’s important to appreciate that even though the calculator will give a good idea about the loan, you will still need to speak with an expert to arrange a ..read more
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Our Tips for Accessing UK Bridging Loans
Bridgecrowd - Bridging Loan | Peer to Peer Loans
by Simon Thompson
4y ago
The reason why you may be looking for tips to access UK bridging loans is that the market has become increasingly competitive in recent years and you need to appreciate what borrowers are using these loans for. There’s no doubt that bridging loans have grown hugely in popularity with borrowers as high street banks have tightened their lending criteria in recent years. That’s the result of the financial crash, but people still need to borrow money for a range of purposes and it’s here that bridging loans have taken off because they can be used for just about any purpose. It helps that the loan ..read more
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Tips to Access Bridging Loans UK
Bridgecrowd - Bridging Loan | Peer to Peer Loans
by Simon Thompson
4y ago
For anybody wanting tips to access bridging loans UK, then this article will help. Firstly, a bridging loan is a form of short-term finance and it is used by a business or an individual for meeting a need for funds. Essentially, a bridging loan will help to bridge the gap between a debt falling due and the availability of credit or a house sale, for example. A bridging loan in the UK is usually known as being a financial vehicle that helps those wanting to buy a property before they sell their current home. They work by offering fast access to large sums of money that not only help secure a r ..read more
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How to Find the Best Bridging Loan Rates
Bridgecrowd - Bridging Loan | Peer to Peer Loans
by Simon Thompson
4y ago
For many people, bridging loans can be an extremely useful way of accessing finance quickly, but how do you find the best bridging loan rates? That’s an interesting question when this is a competitive market and you could access a loan in just a few days. That compares very well when borrowing from high street lenders, such as banks, who can take several months to process your application since their lending criteria has tightened in recent years. For those who may not be aware, bridging loans have extended from their traditional use of fulfilling a need to buy a new home while the seller was ..read more
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Your Checklist for Short Term Bridging Loans
Bridgecrowd - Bridging Loan | Peer to Peer Loans
by Simon Thompson
4y ago
Short term bridging loans offer borrowers a borrowing solution that is easier to access than a high street loan. Indeed, one reason for their rising popularity is that high street lenders have tightened their criteria, whereas bridging loans are an alternative form of finance these are quicker to access with fewer obstacles to obtaining a loan. Essentially, all a borrower needs is a security property to access funding and this property will need to be independently valued so the lender will be reassured that they will get their money back should the borrower default. Also, bridging loan lende ..read more
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5 Tips to Understanding A Peer to Peer Loan UK
Bridgecrowd - Bridging Loan | Peer to Peer Loans
by Simon Thompson
4y ago
For those who may not know, a peer to peer loan UK is a way for people to easily lend money to businesses or individuals. While that is a very simplistic explanation, it’s slightly more complicated and the lender will receive interest (usually at rates much higher than you will enjoy on a savings account, for example) plus their money back when the borrower repays their loan. It’s always worth researching thoroughly and taking advice before embarking on peer-to-peer lending and the experts at The Bridge Crowd can offer advice if this opportunity really does appeal. So, what is peer-to-peer le ..read more
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Your Guide to Understanding UK Bridging Loans
Bridgecrowd - Bridging Loan | Peer to Peer Loans
by Simon Thompson
4y ago
Put simply, for those who want to know how to access UK bridging loans, then this is a way to borrow large amounts of money for a range of purposes. Usually, the bridging loan enables the borrower to buy a property while selling their current home. This means that the bridging finance will ‘bridge the gap’ between buying the property and having the money to pay for it when the sale completes. However, as an alternative form of financing, bridging loans have grown hugely in popularity over recent years, with borrowers using the cash to pay a tax demand, for example, to refurbish business premi ..read more
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The BEST Guide to Understanding Short Term Bridging Loans
Bridgecrowd - Bridging Loan | Peer to Peer Loans
by Simon Thompson
4y ago
For those who want to understand what short term bridging loans are, then this guide will help. Essentially, a bridging loan will offer borrower access to finance over the short term (that’s up to two years) and are usually used for buying property until longer-term funding, such as a mortgage, comes through. This means that the funding is being used to ‘bridge’ the gap between someone selling their home and buying their next one. Bridging loans also help homeowners who may be struggling to find a buyer to move into their new home before they sell their current one. This also means that for a ..read more
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