Commercial and Residential Properties – What Can I Use them For?
In the UK, the two main classifications of property for buyers and investors across the country are commercial and residential. Both property types…
London House announces re-brand of their super prime residential real estate agency
London House launched in May 2021 with the founders having more than 30 years of combined experience in the real estate sector. The firm offers a…
Can I Pay Back a Bridging Loan Early?
A lender will almost always allow you to pay the loan back earlier than initially planned. Depending on the lender and the circumstances of the loan,…
What Happens if You Default on a Bridging Loan?
Failure to repay a bridging loan could lead to repossession of the property/valuable asset that was used as security, however this is only ever used…
How Is a Bridging Loan Different to Mezzanine Finance?
Mezzanine finance requires borrowers to give up equity in their development project or business, whereas bridging finance is secured against…
Can You Use a Bridging Loan for Deposit?
You can use a bridging loan for a deposit on a new home. Bridging loans are commonly used for this purpose, helping homeowners to bridge the gap…
Can I Get a Bridging Loan on My House?
Yes, you can get a bridging loan on your current house. Most bridging loan providers will require property as security on the loan. They accept a…
Can I Get a Bridging Loan if I Am Self-Employed?
Yes, if you’re self-employed it’s possible for you to get a bridging loan. With more than 5 million people self-employed in the U.K., many of which…
Can a Bridging Loan Be Extended?
Yes, borrowers can extend their bridging loan term for a few weeks or even months. However, whether this extension will be granted, and by how much,…
Can I Get a Bridging Loan Without Security?
No, you cannot get an unsecured bridging loan. This type of finance is always provided on a secured basis, meaning you will need to have the…
Do I Need To Be Living in the Home To Get a Bridging Loan?
No, you do not need to be living in the property you’re using the bridging loan on in order to get one. Bridging loans are a secured form of lending,…
What Are The Jobs Available at a Bridging Loans Provider?
The bridging loans industry is very fast growing, after all, the sector was worth £1 billion in 2011 and ten years later, it is estimated to be worth…
How Do 95% Mortgages Work?
The major banks have launched their government-backed 95% mortgages. As such, people across the UK can now purchase a home with only 5% deposits. The…
UK Home Sales Hit Record High
UK property sales were recorded at a 16-year high. Average UK house prices have increased by 8.6%. Statistics evidence how the stamp duty…
Government Cracks Down On Second-Home Owners Avoiding Council Tax
Changes made to the tax treatment of holiday lets Crackdown on 60,000 self-catering properties in England are registered for business rates Other…