FOR IMMEDIATE RELEASE
Pressnews.biz (Press Release) Feb 15, 2014
-- The demand for bridging finance is growing at an unprecedented rate in the UK and one specialist broker is advising those interested in taking out such a loan to use the services of a professional broker to save money.
The advice comes from Bridging Finance Specialists who have built-up an unrivalled reputation in delivering the very best in bridging loans for a wide range of clients.
The firm offers experience and expertise to sort through the wide range of bridging loans and products that are available to ensure that their client receives the very best value available.
Bridging finance help and advice
A spokesman for Bridging Finance Specialists said: “Because we act as intermediaries in securing bridging loans, we can ensure that the best possible deal is found. As a fast-growing bridging finance broker it's our reputation and unrivalled service which people are looking to utilise.”
A bridging loan is a popular choice as a short-term financial solution which will provide the applicant with the financial capital they need to secure a property or a portfolio development, for instance.
More importantly, by using bridging finance, it enables the applicant to take the time in finding the best long-term option to fund their venture or purchase.
The market for bridging finance is now growing at a fast rate and 2013 saw more than £2billion of deals being agreed – the best year ever but experts are predicting that 2014 will be even better for the providers of bridging loans.
Bridging finance is particularly popular in the hospitality sector including guest houses, B&Bs and hotels as well as in retail which includes pubs, cafes, restaurants and shops.
Bridging finance for commercial and residential property
This is because many people buy these business ventures at auction and may not have the mortgage or finance in place but may have a bridging finance loan in order to buy the property before the mortgage is finalised.
The spokesman for Bridging Finance Specialists added: “As specialists in the market, we offer our clients a bridging loan that may not have a fixed payoff date or have one with a timeframe agreed to repay the loan.
“Whatever the bridging loan is used for, we offer a personal service to ensure that the most competitive bridging finance product is arranged whether it's for a residential property or a commercial property bridging loan.”
These use of bridging finance by property developers is growing in popularity and it’s also useful for buy to let landlords looking to add properties to their portfolio.
Bridging finance can also be used for buying nursing and care homes, and for a business to buy warehouses and industrial units.
Essentially, using bridging finance in a commercial property situation means that the borrower has a versatile product which can be used for a range of situations.
Use experts in bridging finance
In addition, clients of bridging finance specialists can be reassured that all of their brokers are fully qualified and have also been accredited by the National Association of Commercial Finance Brokers (NACFB).
By the being a member of the NACFB means that the firm and its employees work to a strict code of conduct to ensure that the very best service for delivering bridging finance products to a wide range of clients is adhered to.
For more information about bridging finance for a range of options including residential and commercial property, contact Bridging Finance Specialists on 0800 644 6610 or visit their website to learn more about what bridging finance can do for you.