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Homebuyers urged to shop around for bridging loans

With the UK's housing market picking up once again, homeowners who might need a bridging loan are being urged to take as much care in finding one as they would a new home

The advice comes from Bridging Finance Specialists who say anyone looking for a bridging loan should shop around for the best advice and rates.

The firm uses a team of experts to source suitable bridging loans from a variety of lenders at some of the best rates around for anyone needing a short term loan to buy or finance the buying of property until their mortgage is agreed.

Find a bridging loan until the mortgage comes through

A spokesman for Bridging Finance Specialists said: “While mortgages are still quite difficult to get there is an increasing demand for bridging loans.

“And because a bridging loan is needed quickly, people don't often take the time and trouble they would normally go to when sourcing finance which could cost them in higher charges and a less beneficial bridging finance package.”

By using a specialist in the field, anyone looking to finance the buying of property with a short term loan will find the best deals from bridging loan providers which means better fees and loan structure.

The difficulties in finding a traditional lender may lead to investors, property professionals and entrepreneurs struggling to fund their purchase but a bridging loan is a way to finance the buying of property until a mortgage or longer term loan can be arranged.

The bridging finance market has matured in recent years and there's now a growing number of providers offering a wide range of bridging finance options, which is why anyone looking for bridging loans should use an expert.

Find the best source of bridging finance

Bridging Finance Specialists are leaders in their field and proud to offer advice that is honest and fair from some of the finance industry's top professionals.

All of the firm's NACFB-qualified advisors abide by a strict code of practice and are registered with the Office of Fair Trading.

By the impressive services of Bridging Finance Specialists for bridging loans, clients will find that the firm's expertise will source finance from reputable lenders and at competitive rates.

The spokesman added: “Our clients also appreciate that our terms and conditions are simple and easy to understand - we don't hide behind jargon or slip in costly penalty charges.

“The aim of Bridging Finance Specialists is to offer a professional service for anyone looking for help in setting up bridging loans, whether it's to complete a building project or buy a new home. We always go that extra mile to help.”

When it comes to finding the most competitive rates for bridging finance few can match the commitment and service provided by Bridging Finance Specialists.

For more information on bridging loans and finance, visit the Bridging Finance Specialists website or call 0800 644 6610.