The Fastest Financing Solution

If you are currently selling your home, but you alreadyspotted you next perfect home…you should definitely have a look at the bridging finance solutions available on the market. Bridging loans will allow you to take out a loan which will help you pay for the purchase of your next property, until your current home is selling on the market. When you have sold your currentproperty, you will repay the loan in full.

It is extremely important to keep inmind that bridging finance is indeed a solution which will help you bridge that gap. Bridging loans are not to be used for any other types of purchases, because they come with quite short repayment terms and strict conditions. However, these are still thebest financing options available for homeowners who couldn’t yet sell theircurrent home, but wish to pay for the next one.

These temporary loans allow you to make the down payment on the property of your dreams, before it will sell out…Typically, the term of a bridging loan can be as little as one day or one week, and it can go up to 2 years maximum. The longer the repayment period, the more expensive your loan will be. Therefore, consider a fast bridging loan only when you can already foresee that you current home is going to sell within a given time period (the upcoming 3 months for example).

There are special bridging loans for homeowners available, but there are also bridging loans for businesses available. If you own a business and wish to buy a biggerfacility, but your current facility/unit did not sell yet, bridging finance can be an option.

You can make use of the bridging loan calculator available at atlantisloans.co.uk, as this will give you an idea about the cost of such a loan, the value of the interest you need to repay, the terms of the repayment, etc.

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