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Bridging Loans - What are they good for?

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<html> <head> <title>Bridging Loans - What are they good for?</title> </head> <body> <h1>Bridging Loans - What are they good for?</h1> <div class="info">Author: <a href="http://commercialfinancebro.articlealley.com/">Commercial Finance Broker</a></div><div class="body">The attributes of Bridging Finance, speed, flexibility, easy access, make this type of loan ideal for use in many situations.<br /> <br /> <p>The circumstances that <a href="http://www.ebslfinance.co.uk/Our_Services/Loans_and_Mortgages/Bridging_Loans" title="Free quote and consultations on bridging finance available">bridging finance</a> may help with include emergency funding to meet a deadline, as an alternative where no other finance is available, prevention of credit defaults, credit repair and finally capital raising for any legal purpose. Bridging Loans therefore have their uses for home movers, Buy to Let investors, property traders, property developers and businesses or individuals that just need to raise money quickly!</p><p><b>When to utilise a Bridging Loan</b></P><ul><li>Buying a property to renovate or refurbish prior to selling.</li><li>To buy property to renovate or refurbish prior to re-mortgaging via a buy-to-let mortgage, a useful option for those seeking to build a portfolio.</li><li>To purchase a site that requires major development and draw-down cash at various stages of the build by extending the bridging loan.</li><li>To complete an auction purchase, remember to avoid losing your deposit, you must complete within the specified time period, usually 28 days, but sometimes it can be as little as 14 days!</li><li>To purchase a property currently unfit for mortgage purposes pending correction of major defects, for example the property may be derelict or subject to mortgage retention.</li><li>To purchase a property and negotiate discount over and above the cost of a bridging loan by being able to complete the transaction very quickly.</li><li>To raise cash for unexpected bills such as PAYE or VAT.</li><li>To raise capital to invest in other property at home or abroad.</li><li>To settle or prevent CCJ's, bankruptcy or having your property repossessed.</li></ul><p>From the applications listed above you can see that <a href="http://www.ebslfinance.co.uk/Our_Services/Loans_and_Mortgages/Bridging_Loans" title="Fast Bridging Loans">Short Term Bridging Loans</a> are highly suitable to many circumstances and in many cases may be the only finance solution.</p><p>© Eland Business Services Limited</p></div> <div class="source">Article Source: <a href="http://www.articlealley.com/http://commercialfinancebro.articlealley.com/bridging-loans--what-are-they-good-for-517861.html">http://www.articlealley.com/http://commercialfinancebro.articlealley.com/bridging-loans--what-are-they-good-for-517861.html</a></div> <div class="author"> <div class="authorOccupation"><strong>Occupation:</strong> Business Finance Consultant</div> <div class="authorBio">Broker offers asset and equipment loans, commercial loans and mortgages, working capital.</div> <div class="authorUrl"><a href="http://www.ebslfinance.co.uk" target="_blank">http://www.ebslfinance.co.uk</a></div></author> </body> </html>

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Bridging Loans - What are they good for? Author: Commercial Finance Broker The attributes of Bridging Finance, speed, flexibility, easy access, make this type of loan ideal for use in many situations. The circumstances that bridging finance may help with include emergency funding to meet a deadline, as an alternative where no other finance is available, prevention of credit defaults, credit repair and finally capital raising for any legal purpose. Bridging Loans therefore have their uses for home movers, Buy to Let investors, property traders, property developers and businesses or individuals that just need to raise money quickly!When to utilise a Bridging LoanBuying a property to renovate or refurbish prior to selling.To buy property to renovate or refurbish prior to re-mortgaging via a buy-to-let mortgage, a useful option for those seeking to build a portfolio.To purchase a site that requires major development and draw-down cash at various stages of the build by extending the bridging loan.To complete an auction purchase, remember to avoid losing your deposit, you must complete within the specified time period, usually 28 days, but sometimes it can be as little as 14 days!To purchase a property currently unfit for mortgage purposes pending correction of major defects, for example the property may be derelict or subject to mortgage retention.To purchase a property and negotiate discount over and above the cost of a bridging loan by being able to complete the transaction very quickly.To raise cash for unexpected bills such as PAYE or VAT.To raise capital to invest in other property at home or abroad.To settle or prevent CCJ's, bankruptcy or having your property repossessed.From the applications listed above you can see that Short Term Bridging Loans are highly suitable to many circumstances and in many cases may be the only finance solution.© Eland Business Services Limited Article Source: http://www.articlealley.com/http://commercialfinancebro.articlealley.com/bridging-loans--what-are-they-good-for-517861.html About the Author: Broker offers asset and equipment loans, commercial loans and mortgages, working capital. http://www.ebslfinance.co.uk

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by Commercial Finance Broker
Broker offers asset and equipment loans, commercial loans and mortgages, working capital.
URL: http://www.ebslfinance.co.uk

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Bridging Loans - What are they good for?

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