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Compare Non Status Bridging Loans

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Compare Non-Status Bridging Loans

If you are looking for Mortgage Bridging Loans, we have access to the whole of the market, use our simple form to compare over 75 Non Status Bridging Loan Lenders.

Compare Non Status Bridging Loans

Compare Non-Status Bridging Loans

If you are looking for Mortgage Bridging Loans, we have access to the whole of the market, use our simple form to compare over 75 Bridging Loan Lenders.

Non Status Bridging Loans

A Non Status Bridging Loan is often used by property developers when cash is tied up in other properties and they need to make a quick move in order to finalise a deal on a new property. A common example of this is when a property is being purchased at auction. Auction properties have strict deadlines on the amount of time (usually 21 days) that the purchase needs to be finalised once the bidding has ended. Financing an auction property with a bridging loan is a sensible decision for a number of developers as it provides the funds in a much shorter time than the finance from a mortgage would be provided.

Another instance in which developers often use bridging loans is when they are in the process of selling a property that they have developed but the sale will not complete quickly enough for them to grab a bargain property they want to start a new development on. In this instance, a bridging loan can be an excellent solution to freeing up cash to allow works to proceed. When considering bridging finance in order to get a ‘bargain’ property, it is extremely important to factor in the fees, interest rates and terms of the loan as this will help you ascertain if it is still a good financial deal once all of the costs associated with the loan have been taken into account.

One of the most appealing factors of a non-status bridging loan is that the factors taken into consideration about a borrows eligibility are slightly different to those of traditional lenders. Although lenders offering non-status bridging loans still have strict rules around knowing who their client is, the borrower’s financial history, their assets and how they intend to pay the loan back, certain factors are much less crucial than they would with a mortgage lender.

Eligibility for acquiring a non-status bridging loan is much more heavily dependent on the current value of the property and the potential future value of the property. This is really where a non-status bridging loan could play a crucial role on whether a developer can embark on their next project or not as unlike bridging loans, a non-status loan does not have to take into consideration the FCA’s financial status requirements in the same way that a regulated bridging loan would. This can be particularly useful if a developer is starting their first project and does not have a property portfolio to provide to the lender or where a developer is asset rich but short on normal day to day income.

Our panel of lenders offers first, second and third charge loans, up to 100% LTV. Including non-status. We have access to some of the best Bridging Loan Finance in the UK. Compare Bridging  Rates from over 75 Lenders.

Non Status Bridging Finance Refurbishment

Residential Bridging Refurbishment – if you are looking for bridging finance for property development or refurbishment, we have access to many specialist lenders, with some of the most competitive rates in the UK.

Non-Status Bridging Finance

If you are looking to buy your next property but have not sold your own, Non-Status Bridging Loan Finance will enable you to make that purchase, in effect you become a cash buyer meaning you can get the property at the best possible price, before selling your own property.

Get the best rates for Non Status Bridging Loans

When considering if a non-status bridging loan is the right solution, it is important that you consider your borrowing amount, all fees and conditions of the loan prior to going ahead. BWG Finance are able to contact a number of lenders and, due to years of experience and great broker/lender relationships, provide you with a variety of suitable loans with some of the best rates on the market.

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Compare Bridging Loans

Enter Your Details
Get Your Quote Now

Use our simple form to get the best quotes from over 75 of the UK’s leading Bridging Loan lenders. Get the best rates Guaranteed.

All Rates are updated daily.

Best UK Rates Guaranteed

Compare Bridging Loans

Use our simple form to get the best quotes from over 75 of the UK’s leading Bridging Loan lenders. Get the best rates Guaranteed.

All Rates are updated daily.

Best UK Rates Guaranteed

Start Here…

Call us 24/7: 0800 138 6001

BWG Finance, Rex House 4-12 Regent Street, London, SW1Y 4PE. Tel: 0800 138 6001

Top 10 Finance Ltd trading as BWG Finance is authorised by The Financial Conduct Authority (FCA) no 725234 The FCA Think Carefully before securing debts against your home. Your property could be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Data Protection Act (1998). Registration No: Z2861884 Company Number 06261373 BWG Finance Rex House 4th Floor 4-12 Regent Street London SW1Y 4PE (c) 2007 - 2018 BWG Finance. Sitemap - Privacy Policy - Reviews - Contact BWG Finance

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