Closed bridging loans are usually used when an individual or company had already got the finance in place but finds that the funds cannot be drawn down. As an example, in the case of a property sale where the mortgage has been arranged, the seller may require exchange before the purchaser has access to the funds that have been made available.
A closed bridging loan can be put in place as a temporary measure to make sure that the sale goes ahead.
Closed bridging loans are usually required at short notice and Leapfrog Finance is in a position to help you every way that we can.
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