Leicester, Leicestershire, United Kingdom, 05/05/2016 /SubmitPressRelease123/
One of Britain’s leading Bridging Loan brokerages has spoken of a significant spike in interest and activity among the UK’s Property Development community. According to Bridgingloans.co.uk, general queries and application volumes have increased dramatically as developers explore a growing range of alternative financing options.
In addition, the increase in lending activity suggests improvements in general economic confidence throughout the country as a whole.
Tailored Financial Solutions
“For applicants looking at new-build schemes, development finance can be tailored to facilitate the purchase of the land (with or without planning permission) and then provide the funds towards the cost of the build which in some cases can be the full 100%. Specific Property Finance solutions are available through a wide range of lenders and at bridgingloans.co.uk we deal from High Street Banks through to niche Development Finance Lenders.” – Bridgingloans.co.uk
Bridging Loans represent a uniquely flexible, accessible and affordable alternative to conventional loans and mortgages. In the case of property developers where time is always a critical factor, tailored development financing solutions can be of enormous value.
From new property purchases to refurbishments of existing properties, it makes perfect sense that developers complete the required work as quickly as possible. Bridging Loans can provide quicker access to the funds required to finance development projects from start through to completion, with affordable rates of interest and extremely flexible repayment terms.
Intelligent Finance, Instant Quotations
“In all cases, Finance for Development will be structured to ensure the funds are available when needed. Following the initial drawdown on Day 1, funds will be drawn in tranches as the project proceeds. In this way, the borrower only pays interest on the funds when used rather than paying for the full amount of the facility from the outset and the lender can help guide the project by ensuring that funds are only released after certain works have been completed. As experts in arranging these deals, we can assist in drawing up the timescale when funds are required and in ensuring that a thorough financial plan is in place to help complete the project on time and within budget.” – Bridgingloans.co.uk
The type of financing available and associated terms will vary in accordance with the nature and specifics of both the project and the borrower. Bridgingloans.co.uk is proud to offer some of the market’s most competitive and straightforward Bridging Loans and our on-line bridging loan calculator can be used to generate an accurate and obligation-free quotation in an instant.
According to the team behind Bridgingloans.co.uk, intelligent financial solutions are playing a more pivotal role in supporting the UK’s property development community than ever before, and as it becomes more and more difficult and complicated to access financing via traditional methods, the popularity of alternative options such as Bridging Loans will only continue the already impressive growth.
Bridgingloans.co.uk is a leading, directly authorised, FCA regulated, UK finance broker, with access to its own separate principle unregulated lending facility. The company has a unique commitment to transparency and customer service excellence. Bridging Loans are only offered following a full and thorough audit to ensure the correct solution has been chosen. The team takes great pride in pioneering innovative new services to meet the short-term financial needs of UK borrowers from all walks of life. For more information or to get in touch, please call 0116 278 2888 or visit our website.
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