Bridging Loan Rates
Bridging loan rates start with 2.5% to 3.0% per annum with the 0.75% to 1% facility fee per thirty days. The total cost of comparison is 15.4%. The admin fee is £200 which is payable after the completion of the bridging loan. These loan rates are subject to change as per the policies and regulations of bridging loan Company. The interest rates are flexible and not strenuous when you are seriously thinking about the bridging loan.
Bridging Loan – Solution for New Home
One snag is to wait for your old house to get shot as soon as possible. This is usually the case if you have found the home you love and die for, and your offer gets accepted. In such a crisis situation, bridging loan offers a lending hand to help you get the deal you need. Bridging loan is, therefore, an ideal solution if you are desperately waiting to get settled in your new home.
Immediate Finance Against Assets
Nowadays it is a huge challenge to get immediate finance against Assets. Bridging loan solution offers a wide range of loans against your existing property or the one you purchase. In this economic hardship, it is easy to fall short on cash, and when there is no way to turn, bridging loan becomes your answer. Bridging loan builds the gap between selling your new home and purchasing a new flat or property. The solution offered by bridging loan might sound a little expensive, but it a good fit when you have to take an immediate decision on your new home and existing home.
Borrowers with Bad Credit History
Bridging loan is suitable for borrowers with bad credit history. If your credit record is not appealing, it still does not matter. The bridging loan is the best fit for you as much as it is for a borrower with a good credit history. The benefit offered with a bridging loan remains the same for the borrower with bad credit record.
Applying for loans against assets has become a common barter today. It is a give and take tradition in the finance market. There is nothing available for free. Price has to be paid to fulfill your dreams. However, finding the home of your dreams is a huge achievement. The dream can be accomplished if you are firm in making the decision that will favor your needs and make you a proud home owner. Bridging loan rates should persuade you to take the positive step in planning your dream.