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Advantages of Bridge loans

UK Bad credit specialists Bride Direct offer short term bridge loans, which will help you with a temporary finance. Apply for Bridge loan at Bridge Direct today. <br><br>https://www.bridge-direct.com/BridgeLoans/Residential<br>

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Advantages of Bridge loans

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  1. Advantages of Bridge Loans

  2. With the help of a Bridge loan it can enable you to secure a new dream property, without having to have found a buyer for your existing property. Bridge Loans can enable you to release up to 80% of the value of equity held in an existing property. Below are just a few advantages of Bridge loans; Simple to Finance a New Property Purchase A bridging mortgage is an instant loan that acts like a bridge between the loan on your current existing residence which you are planning to sell and new house you wish to purchase. It offers financing for the down payment on a new house by borrowing off the capital in the existing home.

  3. Saves Time a Lot Normally a Bridge loan saves a lot of time when compared to traditional loans or mortgages. Bridge Loans were designed to generate funding for a new property purchase or any other commercial business requirements. By using Bridge Loans, you can complete on your new purchase quicker, giving you more time to get the price you need or want. The Bridge loan approval process is much simpler as compared to traditional banks, as the funds are secured against existing collateral in your currently property the process of approval is much, much quicker. Poor Credit Score or Adverse History, Don’t Worry Many banks will not approve the loan when you have a poor credit score history. In this scenario, it is always may be worth considering approaching a bridge loans lender, such as Bridge Direct. As Bridge Direct are lenders, and not broker, they have direct access to funds and will give you an instant decision on all their Bridge Loan products, even if you have adverse or bad credit.

  4. Not only for Residential Purpose The majority of the people will assume that Bridge loans are only useful when planning to buy a new home. But it is possible, and becoming more frequently common to use Bridge Loans for any commercial requirement, such as paying large invoices or tax bills. By utilizing a Bridge loan or Bridging Finance it could help you to kick start a project or business venture that otherwise may be shelved or take months to action, meaning you could launch your new product earlier and stay always ahead any competition. Loan Repayment Options are Much Flexible Bridge loan repayment options are much simpler when compared to traditional bank loans or mortgages. With a bank loan or mortgage, you would be expected to show the bank that your income or revenue will be sufficient to pay back the mortgage.

  5. So, when you are planning on taking out a Bridge loan or any type of Bridging Finance, then contact Bridge Direct for an instant decision. The team at Bridge Direct has over 30 years of lending experience in bridging finance and the financial sector. As a bridge loans lender you can contact Bridge Direct by simply by filling the application form on their website at http://www.bridge-direct.com or calling them directly on 020 3126 4969

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