Bridging finance is probably one of the fastest ways to raise finance, with minimal formalities. With bridging finance, the money will always be secured against your property, whether it’s residential or commercial. Bridging finance is a lot quicker to arrange than regular, residential mortgages, with the process from enquiry to completion only taking around 3 - 5 working days.
There are a variety of situations where short term bridging finance would be most suitable. Here are some common cases:
If you’re purchasing your own domestic home and your bank or building society is unable to complete in time.
If you’re purchasing a residential property for investment and developing purposes.
For companies wanting to seek money raised on their premises.
If you’re purchasing residential or commercial property at an auction, and the property is not in mortgageable condition by the banks or building societies standards.
In these circumstances, bridging finance would provide you with the funding you need, when the banks and building societies are unable to help.
If you would like further details please do not hesitate to contact us on 0800 612 7729 or fill in a few details on enquiry form and have one of the Leapfrog Finance Advisors call you back, alternatively, email us at Enquiry@leapfrogfinance.co.uk