Bridging/Short term lending

Bridging and short term funding aims to provide fast and flexible solutions when other forms of lending are not available. There are a number of instances when bridging finance would be employed. These typically are:


1. When you need to move home and have not sold your property yet.

2. When a property is not yet in a habitable condition and requires work.

3. When you are buying a property in an auction and need to move fast.

4. When you want to borrow on a second charge basis for a short period of time.

5. When a client has exhausted other mortgage lending opportunities.


Bridging lending is on more high risk transactions and thus it is considerably more expensive than other mainstream mortgage products. Needless to say it has its place in the market.

In addition to bridging loans there are also other short term lending solutions in the marketplace. These include secured loans, Second Charge mortgages and asset lending against jewellery, art and cars.

 

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Opes Financial Partners Ltd, 1st Floor, 167-169 Kensington High Street, London, W8 6SH is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some aspects of buy to let mortgages, overseas mortgages and tax advice. FCA number 598462.
Opes Financial Partners Ltd Registered in England and Wales No: 7556710 Registered Address: Sterling House, 27 Hatchlands Road, Redhill, Surrey RH1 6RW.
A typical fee of up to 1% of the mortgage amount may be payable on successful completion. The fee will be agreed with each applicant prior to submitting an application. The total fee is non-refundable. We may also be paid commission from the lender.