Bridging loan finance case studies

Bridging loans

We have outlined a few previous examples of where bridging finance was used as a financing tool to assist UK property owners who needed a quick short term solution to financial obstacles, and didn't want to be tied into long term credit agreements. Using a bridge loan correctly can save you thousands of pounds in interest charges alone.

Case study 1: Domestic Bridging loans

Mr & Mrs R (name and address supplied and authorisation given to publish there story) had agreed to buy a retirement property in Portugal to spend their retirement abroad. Their semi detached home in Devon had sufficient equity even taking into account the fact that they had, and still paid a mortgage. We arranged a four month quick loan to enable the villa in Portugal to be purchased and allow their house to be sold under no pressure and with no rigid time scales.

Case Study 2: Commercial property finance

A leading Scottish privately owned construction company had completed a mortgage repayment on a large industrial unit, however, due to the rapid of their company, an extension on the property was needed. Over three hundred and fifty thousand pounds was needed within three to get the property upgrade underway. Easy Bridging completed within 24 hours.

Case Study 3: Bad credit history

As principle lenders, Easy Bridging Loans PLC can lend based on the actual property value of the house or land you would like to use as security. This means that even if you do have a chequered borrowing history, we can still help with bad credit loans. All financing set up by EBL is set up as short term secured loans, meaning no credit checks need be taken. Please be advised that failure to keep with your repayment may lead to repossession.

Case Study 4: Loans for any purpose

Mr. M of Liverpool had a successful online business. He struggled gaining a loan from his bank as his business was all conducted through the Internet and had no real tangible goods. The nature of his business meant he could work anywhere in the world as long as he had an Internet connection. He needed a short term advance to buy a home abroad before he had actually sold his UK property. Easy Bridging Loans supplied a loan which was repaid within thirty days with no penalty when he had sold his house.

Easy Bridging Loans PLC cover all areas of the UK for a quick loan.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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