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Posted on February 27, 2018

Big 5 for Bridging Finance

As the popularity of Bridging Finance continues to grow, I thought it was time to share Pinpoint Finance’s, own five big things you need to know about Bridging Finance.

With the increasing variety of bridging lenders in the market and the differences between their products means that’s it’s important to understand the following when considering if Bridging Finance is the right solution for you.

  1.  Bridging Finance is versatile and it’s not just for property. Historically, Bridging Finance was used to repair a broken property chain or purchase land or property quickly. Now Bridging Finance can be used for a variety of purposes.
  2. Bridging Finance is flexible. The loan interest can be serviced in a variety of ways. Interest can be retained, rolled or paid monthly depending on your situation.
  3. Bridging Finance doesn’t have to be short term. The term of the loan does not have to be restrictive, there is a misconception that Bridging Finance can only be for 12 months or less. This is not always the case with some lenders offering terms for 24 months or beyond.
  4. Bridging Finance can finance 100% of the transaction. Some lenders will cross charge more than one property, allowing 100% of the transaction to be raised across a number of properties.
  5. Bridging Finance needs to be repaid! It’s important that you know your exit route for the loan. Your exit strategy could be re-financing, sale the security or funds from another source. It’s important that this is clear from the outset and lenders may accept a combination of the above in some circumstances.

At Pinpoint Finance, we use a variety of lenders that can offer Bridging Finance for many different types of funding situations. Whether you are a solicitor trying to repair a broken property chain for a client or a landlord wanting to capitalise on a property deal quickly. Call Pinpoint Finance today on 01904 866100 to find out how Bridging Finance can help you. Pinpoint Finance can deliver Bridging Finance in tight timescales, which can make a good deal even better.

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Pinpoint Finance

01904 866 100

Keith: 07547 540 541

Kelvin: 07826 603 635

Anna: 07442 775 270

hello@pinpoint.finance

Pinpoint Finance

01904 866 100

Keith: 07547 540 541

Kelvin: 07826 603 635

Anna: 07442 775 270

hello@pinpoint.finance

York Eco Business Centre, Amy Johnson Way, York YO30 4AG

York Eco Business Centre
Amy Johnson Way, York YO30 4AG

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Pinpoint Finance is Authorised and Regulated by the Financial Conduct Authority (FCA), reference number 733225. Click here for the FCA website.

Pinpoint Finance is a credit brokerage and not a lender and is registered with the Information Commissioner’s Office number ZA146757.

We work with the whole market of lenders who may pay us a commission. The amount of commission paid varies between lenders.

Commercial Mortgage Broker York North Yorkshire. Refinancing premises, funding new lease or building, raising collateral.  Great customer service for your next real property asset investment.
Pinpoint Finance is a trading style of Pinpoint Commercial Finance Ltd, a company registered in England and Wales, number 9825825. Registered Address: 3-4 Park Court, Riccall Road, York YO19 6ED.

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