Most bridging loans can be arranged for periods of just one day to 12 months. Interest is charged on a monthly basis and this can be paid by the customer each month, or there are facilities with many bridging loans to roll up the interest so that it is all paid when the loan is [...]

Rates of interest for a bridging finance facility are usually charged monthly, and these rates can be quite high. Therefore bridging finance is not intended as a long-term source of finance as this would prove to be very expensive. However, over the short term when set up costs and early redemption costs and penalties are [...]

The reason why bridging loans are useful and popular, is because they fill a gap in the market. They can be can be arranged quickly, they can be secured against property that is in bad condition, one bridging loan can be secured against one or more properties, the lending criteria can be more flexible than [...]

Bridging loans are short term finance facilities that are used to bridge gaps until alternative funds are available. This could either be through the sale of property or assets, money from savings or investments, or being raised through other long term forms of finance.

A fixed rate simply means that you pay the same interest rate, regardless of market interest rates and fluctuations, over the time of your mortgage. Most fixed rates last for between 2 and 5 years, although it is possible to fix your rate for up to 10 or even 25 years. Once your fixed rate [...]

1. The total cost calculation doesn’t include any insurance that the lender insists you take out in order to get the deal you wish. 2. The total cost calculation doesn’t tell you anything about any early redemption charges (ERC) that you will be charged if you pay your mortgage off before the end set date. [...]

1. The APR does not include the cost of insurance that a lender may insist you take out in order to get the deal you want. The only exception to this rule is that it does include the cost of any compulsory mortgage payment protection insurance. 2. The APR does not tell you anything about [...]

Variable rate mortgages do exactly as they say on the tin. The interest rate will vary, in other words they simply rise and fall. However, this does mean that you can’t be sure what your monthly repayments are going to be. If rates fall for example, you will benefit in terms of a lower monthly [...]

A secured loan gives security to the lender , not to you the borrower. Any loan which requires the borrower to provide the lender with security other than just a promise or guarantee to pay. The security might be any number of things including; 1. The deposit of goods 2. The retention of ownership of goods [...]

Sometimes a lender may not wish to lend. This may be for a number of reasons. The lender may think you cannot afford the loan, if it is a secured loan, your property may not be of sufficient value. A lender does not have to tell you why you have been refused a loan but [...]