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THE LOAN PARTNERSHIP IS A BROKER, AND NOT A LENDER
Think carefully before securing other debts against your home. Your property may be repossessed if you do not keep up repayments on your mortgage. Loans available to UK residents aged 18 and over, subject to status and secured on residential property. Consolidating debts may increase the term and total amount payable.
We charge a fee for our broking services, typically 0.9%. Depending on the complexity of your circumstances and amount of work done we may need to charge a higher amount, but it will not be more than 2.5%. We will let you know what the fee is before you decide whether to proceed with the loan and our client agreement provides more information about the fees.
Rates and fees correct as of 14.02.20. The Loan Partnership Ltd. First Floor, Unit 2, DC3 Boundary Way, Hemel Hempstead, Hertfordshire HP2 7EQ. Company registered in England, registration number 06576125. Registered Office 82 Gallows Hill Lane, Abbots Langley, Herts. WD5 0BY, authorised and regulated by the Financial Conduct Authority. You can check our firm on the FCA financial services register under number 707809.
Further information about Bridging Finance
When you need to raise finance quickly, a short-term interest-only bridging loan can be an excellent option, and there are many reasons why.
Raise funds to secure an investment opportunity
A bridging loan could be used to secure an investment opportunity such as an additional property, or you may need the finance for other personal or business interests. Either way, a bridging loan can be arranged quickly for you, so you don't miss an opportunity.
For example, you can raise finance for a house purchase, in the event that a new mortgage arrangement may be delayed, or if the property you're purchasing is through an auction.
Bridging finance could also rescue a property purchase following a broken property chain, or it can be used to provide funding for a property that you may not be able to get a mortgage for, which may be the case if the property requires extensive renovation.
Bridging finance can 'buy time'
The name 'bridging' itself, is a reference to the fact that it is seen as a financial 'bridge', between your existing financial circumstances, and a longer term solution.
Bridging finance can help you to respond to an immediate need, allowing you the time to put in place a more suitable financial plan for the longer term.
What are the terms of a bridging loan?
Typically, bridging finance is available with terms from 1 month to 24 months. Secured on your property, which can include commercial premises, bridging finance is charged on an interest-only basis, and the rate offered depends on the your individual circumstances.
Are there fees or early repayment penalties?
There are no up front fees and the loan can usually be repaid early, without penalty. Our partnership with a wide choice of lenders who offer bridging finance means we can tailor a plan that is appropriate for a wide range of circumstances, and you will receive the best offer that meets your needs, from the choices we have available to us.
Is arranging a bridging loan straighforward?
Arranging a bridging loan isn't difficult, and it's usually a reasonably quick process. The time it takes to arrange bridging finance will depend on the individual circumstances, although the process is straightforward and we can normally provide an in principle decision and quotation within 24 hours. Assuming the paperwork is completed efficiently and accurately, bridging finance can sometimes take as little as two or three days from your application to the transfer of funds.
Will I get accepted for a bridging loan?
Each application is considered on an individual basis, and we will do our very best to provide you with the funds you need. As a broker, our job is to provide opportunities for as many different customers as possible, which is why we make it our priority to work with a range of lenders to get the right options and the best possible value.
Borrow from £10,000 up to £10,000,000
A bridging loan allows significant borrowing to be made for investment opportunities by individuals or businesses, and people like yourself, who need to act quickly. For some, it may be a once-in-a-lifetime decision that needs financial support, and The Loan Partnership is dedicated to helping each and every customer. You can rely on our experience to raise the right amount of finance for you, and in the most efficient way possible.
Expertise from a master broker who is passionate about service
We fully understand that significant borrowing can be stressful, so you can rest assured The Loan Partnership has a team of exceptionally experienced people to source and arrange the right bridging finance for customers. Our expertise and dedication to meeting the highest standards of service means that we will treat your application in confidence and with the utmost respect it deserves.
Please call us now if you have any questions
Complete the form above, or call The Loan Partnership now on 0115 815 7813, and we'll help you find the right bridging loan for your needs.