In recent years, the traditional view of the bridging market as a shady area has been overturned. Nowadays, it is a popular product available from a range of lenders, and it has a crucial part to play in the UK property market. That said, borrowers should proceed with caution to avoid incurring heavy costs. It is very important to arrange your bridging finance through an independent broker who will act with your best interests at heart; indeed, it is almost impossible to navigate the market without expert help.
In certain circumstances, however, residential bridging finance can be a fantastic option. Perhaps you are looking to complete a transaction in a hurry, or need to buy a property before selling your previous home. Whatever your circumstances, we would be delighted to hear from you.
At Enness we have assisted with some of the largest and most complicated transactions in the country. To date, we have not been deterred by size, timescale or complexity. One of our strengths is our emphasis on the exit strategy; supported by the team at Enness Private Clients, we are always looking to manage our clients’ exits from the bridging loan onto a more cost-effective mainstream mortgage as quickly as possible.
We arrange bridging finance with every type of lender in the market, including private, secondary and specialist banks who can provide bridging loans. This range of options allows us to arrange bridging finance at the best price possible, whatever your circumstances. Of course, you pay for speed and certainty, but rates may be less expensive than you’d think. If you’d like to find out indicative terms, get in touch with us today.