Eskimo Academy
Eskimo Academy
  • Home
  • Mortgage Services
  • News
  • Contact Us
  • More
    • Home
    • Mortgage Services
    • News
    • Contact Us
  • Home
  • Mortgage Services
  • News
  • Contact Us

Bridging Finance

image196

Bridging finance has experienced huge growth year on year which is mainly due to a lack of appetite and the tightening of lending criteria by mainstream lenders.


The bridging sector has ‘come of age’ has evolved into a versatile, flexible and innovative form of alternative finance. Lenders have diversified their product ranges to offer a suite of bridging products to cater for almost any scenario that requires short-term property backed finance. This, coupled with an influx of new lenders entering the market, an abundance of funding and a genuine appetite to fund deals have all resulted in increased competition amongst lenders and the lowest bridging rates the market has ever seen.


What is Bridging Finance?


Bridging finance is a short term loan, secured against property or land and is used to “bridge” the gap, until longer term finance can be arranged or the underlying security is sold. The key to the success of a bridging loan is to ensure that a viable exit strategy is firmly in place upon application.


Types Of Bridging Lending


1st, 2nd and 3rd charge loans on any type of property including:


– Residential
– Commercial
– Semi commercial
– Land (with / without planning permission)

get in touch

  

Mortgages by Prospero is a trading style of Prospero Mortgage Solutions Ltd.

Prospero Mortgage Solutions Ltd is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority. Prospero Mortgage Solutions Ltd is registered in Scotland with company number SC586335. Registered Office: 6a High Street, Dunbar, East Lothian, EH42 1EL.

Copyright © 2020 Prospero Mortgage Solutions Ltd - All Rights Reserved.


  

The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. An advice fee may be charged for our services.