Bridging Finance

Short term funding, or to use it's well known term, Bridging Finance, is probably the most under used form of financing. A bridging loan can provide fast access to funding with the minimum of formalities. Bridging finance can be used in a number of different circumstances, e.g. refurbishment - buying dilapidated properties and then renovating and selling them in a short space of time. One of the most common usages is when people buy a new property before their present one is sold - "a bridge".

With bridging finance, the loan will always be secured against residential or commercial property. A first or second charge will be taken against new or existing property, or a combination of both. Another great use for bridging finance is for people who purchase property at auction, where funds are required quickly. Bridging is much quicker to arrange than a normal residential mortgage; on average 3-5 working days from first enquiry to drawdown of funds.

THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE BRIDGING FINANCE.

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Independent Lending is a trading style of Vitty Alexander Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority for pure protection, residential mortgages and general insurance business. We do not charge a fee for residential mortgage advice, however there is an administration fee for processing each of your standard residential mortgage contracts. The typical administration fee is £499, of which £199 is payable on application and the balance on completion. For Buy to Let Mortgages a fee of 0.5% of the mortgage loan size applies, of which £250 is payable on application, with the balance payable on completion.

Trading Address and Registered Office: Westbrook House, Wreakes Lane, Dronfield, Sheffield S18 1LY
Registered in England and Wales Number 5479920

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

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