A bridging loan is a short term secured loan. They can typically provide peace of mind by ‘bridging’ the gap between the purchase of a new property and approval of a traditional mortgage, the sale of the new property or the release of capital from an existing property.
Interest rates are typically high, with short loan periods and high initial deposits required. However, a bridging loan can be useful for some circumstances –
Get in touch if you would like us to refer you to our trusted third party specialist advisers in this field.
A second charge mortgage allows you to use any equity you have in your home as security against another loan. It means you will have two mortgages on your home. Equity is the percentage of your property owned outright by you, which is the value of the home minus any mortgage owed on it.
Taking out a second charge mortgage can typically be used to assist with consolidating debts, in cases where the mortgage charges a lower interest rate than unsecured loans or credit cards. However, the overall cost of credit should always be analysed in the long term as a second charge mortgage could cost more overall, especially as some second mortgages can run for 25 years.
If you are interested in this option, we would refer you to our trusted third party colleagues to advise, please get in touch with us first.
Owning your own premises can be a great way of growing your business, bringing greater stability and certainty, reducing the constraints of renting and your business can also benefit from any increase in the property’s value over time.
Commercial mortgages are provided by banks and other specialise financial institutions. They are a complex type of lending, requiring specialists to advise and arrange.
We can refer you to our trusted third party connections who are able to advise on commercial mortgages, please speak to us today.
Referral only – no advice available
Available by referral to a trusted third party only. We do not take responsibility for the advice/service being provided by any third party firms.
YOUR HOME/PROPERTY MAY BE REPOSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
There will be a fee for our services, the exact amount will depend on your circumstances and precise details will be given to you on initial enquiry and you will not be expected to proceed until you have had the fee details in writing and have agreed the fee amount.
The Financial Conduct Authority does not regulate some forms of buy to lets, commercial mortgages, secured loans, unsecured loans, bridging loans, trusts, overseas mortgages, and conveyancing or debt management.
The guidance and/or information contained within this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK
The Bureau 4 Mortgage Advice Ltd trading as The Bureau 4 Mortgage Advice are an appointed representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority
The Bureau 4 Mortgage Advice Ltd are registered in England and Wales with company number 09989346. Registered Office: 4 Oplal Road, Swindon, SN25 2SS
