Finance
Tracker Bridging Loans
Finance Tracker Bridging Loans
Finance
Tracker - Residential & Commercial Bridging Finance
You may need a substantial amount of money for a short period
of time, normally 2-6 months, For example, you may be buying
a house and need the money to complete the purchase before
your mortgage is ready to be released, or you may wish to
buy a new home and need the money to pay for it while your
present home is being sold. Bridging loans are secured on
your home. Finance Tracker Lenders can also offer bridging
loans for home Improvements.
Finance
Tracker Can Offer You Help
Finance Tracker can arrange bridging loans quickly. They use
principal lenders, totally independent of all major finance
houses. This gives them the flexibility to make decisions
fast. There application form asks a few simple questions about
the type of property concerned, the value of currently outstanding
mortgages, the situation on any planning applications or consents.
They
accept self-certification of your income without the need
for time-consuming verification. They will then give a decision
based on the information you supply. While the Finance Tracker
bridging loan is being processed, the brief information they
require can be confirmed in writing. This should not cause
any delays and you can rest assured, once they have accepted
the loan, the money will be made available to you - subject
only to the information you have given them being correct.
The
interest rate charged are available on request. Finance Tracker
lenders interest rates are very competitive within the bridging
loan market but, as a short term loan, they are naturally
higher than those charged on long term mortgages. Loan terms
are normally 2 to 6 months although variations on these standard
periods can be negotiated, if need be. Loans can normally
be agreed up to £500,000; larger loans may be made but
could be subject to slightly longer delays. Bridging Loans
are not just available for residential properties.
Finance
Tracker short
term loans can also be provided for land purchase, renovation,
new build, speculative property purchase and even for commercial
properties.
For
further information on a Finance Tracker bridging loan visit
the Finance Tracker website.
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