Why take a bridging loan?

Bridging loans are a very useful, and little known, form of finance. Basically, you can borrow a sum of money, secured against your property, for a short period of time.

Bridging loans are a very useful option if you need cash for a short period of time, until you’re able to get the cash another way. For example:

• Inheritance tax - you need to pay the tax before the property can be transferred into your name.
• Property development - you need cash to finish a project but don’t want to wait weeks to get it, and don’t want high penalties when you pay it off.
• Buying at auction - you need cash quickly, and a mortgage will take several weeks to arrange.

Whether you want to raise cash to pay off expensive credit cards, for home improvements or for almost any other purpose, Netloans can offer a bridging loan tailored to suit your exact needs.

Bridging loans are quick to arrange, often a matter of days. There are various options available, including loans where you make no monthly payments, just paying all the interest when you repay the loan. Loans of up to £2 million are available (higher amounts by special arrangement).

Click here to apply for a bridging loan today.