Short term finance has grown in popularity and can be used for varying purposes. Including...
With the rise of buy-to-let mortgages, small business, the self-employed, who don’t necessarily tick all boxes the high street ask of them, there was a need for more flexibility from lenders. Short term finance particularly has grown in popularity and can be used for varying purposes.
Take the example below:
A 68% Second Charge Bridging loan was locked in for James.
He was looking to expand his property portfolio and needed to raise funds on his home.
Our team helped by funding a £800k Bridging loan. The loan was secured by way of a second charge at a market leading 68% of the open market value, funded in 16 days.
- Against the Open Market Value, for first and second charge purposes.
- On all sorts of non-standard property types.
- To various types of people, including limited companies, ex-pats, self-employed, people with blips in their credit and many more.
Stay up to date with all the latest SoMo updates, Investor news and much more.