Monday, November 6, 2023
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UTB provides £6.25m commercial bridge
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Bridging loans are often used by people who want to buy a new home before selling their current one. Landlords, homeowners and property investors use them to help with things like buying a property or refinancing existing developments.
Here are Trinity Specialist Finance's top reasons to use a bridging loan:
Chain Break
If you want to purchase a new property but are stranded waiting for your current one to sell, a bridging loan could be the solution to breaking the chain.
Auction Purchase
Want to purchase a property at auction? Bridging loans are a great way to quickly raise capital, making them ideal for purchasing property at auction.
Purchase of unmortgageable properties
Utilising bridging finance, we could help you purchase an unmortgageable property and carry out the required works to qualify for a standard mortgage.
Refurbishments
If you are considering making refurbishments to your property, bridging finance can be a great way to fund the works. Once completed, you can utilise a standard residential remortgage to exit the bridging loan.
Development exits
If you are a developer, bridging finance can provide the perfect platform for you to start your next project prior to the sale of a recent development. Once the sale of the previous development completes, you can then exit the bridge with equity from the sale after having already started your latest project!
Trinity Specialist Finance has access to a wide range of bridging lenders, and with expert knowledge on our side, we are here to help you & your business with any bridging or commercial finance requirements.
Call Trinity Specialist Finance to secure a bridging loan on 020 7016 6151 or book a consultation
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