The Facts On Short Term Borrowing

From Data Realms Wiki

Due to the banks and their reluctance to lend, the bridging market has become far more popular than it used to be. Not having the right information can mean that you miss out on the benefits of this sort of finance.

Bridging costs too much, is one of the main criticisms of them with rates too high for anyone to even consider taking them out unless they were desperate. This is not really the case any more though, the cheapest loans are about the same price as a standard loan, so that arguement is not valid anymore. Since the level of demand has increased for bridging there have been many more lenders willing to supply the market and as a result the costs have fallen.

The old view of bridging was that it is used to save chains from collopsing. Having a chain collapse is a nightmare for property dealers who can be relying on the sale of one unit to fund the purchase of another. Having funding in this way can make sure that the property deal works out. This is the next best circumstance to cash buyers and they have opportunites open that others miss due to the speed of being able to complete. Flexible options, speed and affordability are the reasons borrowers are being enticed away from the high street lending options.

Bridging is Difficult to source.

No! This is just plain wrong, they are easier than ever to get hold of. Its not that often the case, to be honest, but bridging can be arranged within a couple of days or so. It's straightforward and lenders are doing all they can to help the process.