Bridging Finance LendersBridging Finance Lenders from Capital Fortune are available to meet all your bridging finance needs. We are specialists at bridging finance and our lender panel offer some of the most competitive bridging loans. London is a hub of refurbishment and development activity and it is easy within the capital and nationally within the big cities to findfa bridging finance lender at good rates. A bridging finance lender is a lender who provides bridging finance for short term projects. The bridging finance can be used as a temporary short term solution which a lender will offer where the sale of an asset has not taken place or more longer term financial arrangements have not been approved. We don’t just have one bridging finance lender we have many and can go to our panel of bridging loan providers who will allow you to "bridge" the gap between your immediate requirement for funds and completion of either a longer-term loan or receipt from the sale of an asset. For bridging loans London or for bridging loans in any major UK City or town, call us today on 0845 3 630 430 or make an enquiry online. We can turn around bridging finance quickly. Bridging Finance Lenders - Why Use Them? People want a bridging finance lender for a number of reasons and these can include: Chain purchasing whereby you’re purchasing a new property but haven’t completed on the sale of your current one. Where the property chain breaks down or there is a temporary gap in completion dates as it allows people to complete For auction purchases where deposits have to be paid on day 1 and completion MUST take place within the month.
A lot of property developers use a bridging finance lender when a traditional lender would seek to impose a retention on the property prior to the refurbishment. Bridging finance lenders can lend up to 100% of the discounted purchase price and if needed they will consider the costs of refurbishment as well. This can be extremely helpful for cashflow. Open BridgingOpen Bridging is where a bridging finance lender is used where the repayment source to redeem the bridging loan has been identified but is not yet guaranteed. The date of receipt of funds to redeem the bridging loan remains unknown and this is known a s open bridging. The costs of open bridging are usually higher than closed bridging given the risks to the lender are greater. Closed Bridging Closed Bridging is here a bridging finance lender is used when the repayment source to redeem the bridging loan has been identified and is in place. The date of the redemption is reasonably certain. This is most common whereby contracts have been exchanged and the sale agreed but it awaits completion. Closed bridging will provide the funds for a temporary loan to the date of completion. To discuss your requirements for a bridging finance lender, feel free to give our specialist bridging desk a call on 0845 3 630 430 or contact us online If you need any assistance why not speak to one of our Mortgage Advisers by calling 0845 3 630 430 or Enquire Online. The Financial Services Authority does not regulate some forms of buy to let, commercial mortgages, secured loans, bridging finance, trusts and conveyancing. | 
