Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Bridging Finance: the Only Solution to Buy New Property

By Linda John Subscribe to RSS | December 14th 2011 | Views:

While this may sound like the answer to their prayers and in fact can save you from losing your dream house, should be considered only as a last resort, since they are usually the most expensive way to borrow. But when taken in the short run may be the only solution to your problem.

First of all you must now what is a bridging loan is all about. Bridging loan is a loan which can be get quickly unlike other finance. There are two main types of bridge loans, which are called the open bridge and the bridge closed. The closure is available for those who have made a change in the property they already have, this is because it offers very few fall through after the change has started.

The open bridge loan is given to those who have found their ideal home, but have yet to put the houses that are currently on the market. A lot of support will be needed for this type of loan and you have to prove that you have a lot of equity in your property before receiving approval.

Those who offer a bridge loan can expect the lender wants to see the terms of the mortgage to the new property, together with details of the property and, of course, you must demonstrate you are doing everything possible to ensure that you sell your existing property.

The bridge loan lender will also want to make sure you can make payments on the loan and asked to show how you will do this and also how they could cope if the worst comes to worst and treat failed a few months later in the way.

Most bridging loan lenders that offer a bridge loan of this type will give a 12-month limit on the bridge loan. But, most lenders well negotiate after this time period provided, of course, that the interest is paid on the loan and there were no changes in circumstances.

The best way to obtain information regarding the bridge loan is to search online, here not only can you find information about different types and what is available, but you can make comparisons and find the cheapest deal for your circumstances.

As residential bridge loan, commercial bridge financing can be obtained in full ownership and leasing of commercial properties, commercial property investment and land with the consent of commercial landing. The lender will give you 60% of the market value of the property should not have any existing debt on it.

People usually prefer the bridge loans and commercial mortgage bridge loans can be organized within 5-10 days compared with the mortgage that you have at least 4-8 weeks to process. There are properties available that offer discounts for a certain period of time and it is not possible for commercial mortgage financing to come through immediately. Generally, banks have bridge loan department and there are agencies that are connected to commercial mortgage lenders, while brokers are not tied to these lenders.

One important thing to note about the bridging finance is that if you do not pay interest or provide a refund, you are at risk of losing your property. Therefore, it is advisable to consult your lawyer and ensure that the property you are buying is worth taking the risk and expense of extra money in interest.

Linda John - About Author:
Linda can help if you are Planning for Finance Bridging to buy a new property then first of all you must to know that What is Bridging Loan and how Bridging Loan Lenders can help you. Visit to know more @

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Loans Articles Subscribe to RSS

Emergency cash loan bad credit- Resolve financial emergencies now!
Published by Thomas Symends on May 26th 2012 | Loans
By acquiring instant funds via emergency cash loan bad credit, you can immediately fight unpredicted...
60 day loan- Valuable cash help for all
Published by David Hassia on April 4th 2012 | Loans
By availing quick cash through 60 day loan, you can manage financial emergencies with ease....
Fast loan no credit check- Feasible loan for bad credit scores
Published by Andrew Stomes on April 9th 2012 | Loans
As the name suggests, fast loan no credit check offers quick cash help to borrowers who need to avai...
Payday loans with a debit card - Valuable loan for debit card holders
Published by Nain Seek on July 9th 2012 | Loans
If you are applying payday loans with a debit card, you will easily grab instant cash in order to ma...
200 dollar payday loan- Useful small loan to help your monthly budget management
Published by Addison Maddy on May 21st 2012 | Loans
By acquiring quick cash via 200 dollar payday loan, you have option to meet small fiscal worries....
Payday loan without direct deposit- Unique monetary plan available till date
Published by Abell Bush on June 28th 2012 | Loans
By availing instant money through payday loan without direct deposit scheme, you will achieve any ca...
Collateral loan – a means to ease out fund problems
Published by Malcom Baker on August 25th 2012 | Loans
At times, most of us require small funds urgently to tide over a difficult situation. If you approac...
3 month loan- Ideal option to meet adversity
Published by Kelse Roy on January 17th 2012 | Loans
By availing 3 month loan, it is easy for you to meet urgency. Without waiting for next payday, you c...
Unemployed loan: Rapid loan for the point of fast support
Published by Alan Poly on December 20th 2011 | Loans
Unemployment can be obtainable without security and with the provision can be a bit varied for the s...
Payday advances online - best payday loan options
Published by Carolina James on December 9th 2011 | Loans
Applying for payday advances online certainly does offer people with multiple benefits. This is best...
Small loans with bad credit- Useful loan for bad credit scorers
Published by Astor Roy on May 21st 2012 | Loans
By acquiring good sum of funds via Small loans with bad credit, you can overcome instant needs of fu...
Free money loans- Avail loan with no credit checks
Published by Andrew Stomes on July 13th 2012 | Loans
By availing quick funds via free money loans, it is possible for you to solve unexpected fiscal worr...
Text loan: Bear All Expenses with Comfort
Published by Deniz Jared on July 17th 2012 | Loans
Text loans would provide you with instant money so that you would bear all expenses with comfort....
Application for advance money- Get small amount of funds from this loan!
Published by Benton Nhester on June 8th 2012 | Loans
By acquiring instant funds via advance money loan, you can easily fight against any financial hurdle...
Installment loans- Get installment loan with in few hours
Published by Thomas Parker on January 4th 2012 | Loans
Payday loans with installment traditional type of borrowing money and this help you a lot when you a...
I need a payday loan- How should I tackle the situation?
Published by Ponting Sarad on November 29th 2011 | Loans
By getting payday loan, you have right option to fulfill financial crisis without any hassle....
Mobile payday loans- short term cash loan available online
Published by Alesia Ace on June 30th 2012 | Loans
If you are availing mobile payday loans, you can easily acquire instant funds up to $1500. The funds...
2000 dollar loan- Wonderful financial solution for borrowers
Published by Kelin Smith on June 22nd 2012 | Loans
By getting quick funds through 2000 dollar loan, you will be able to manage short-term financial nee...
Unsecured Loans- Free connected tip for acclaim loan individual Unsecured
Published by Alan Poly on December 16th 2011 | Loans
Unsecured loan are connected in order of looking by us or by other such as unsecured loan, unsecured...
Quick cash loan- Quick money during financial catastrophes
Published by Jared Kripps on April 5th 2012 | Loans
Quick cash loans tender you small sum just within minutes once you apply online for it. The eligibil...