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BRIDGING FINANCE The most recognisable purpose of a bridging loan is additional finance to buy a new property, whilst the sale of another property is still being completed. However, bridging finance is increasingly being used for alternative purposes, including: –
Our bridge lending process allows for loans to fund quickly since our decision-making process is based primarily on the value of the property as collateral and loan security as well as the prospective exit strategy. There is less emphasis being placed on the borrower’s income, employment, assets, credit scores although these aspects will be assessed and evaluated alongside the property security.