Short-Term Personal Bridging Loans the Details
We will now look at several examples on when and why a bridging loan can be used. A few instances you may need a loan of this kind!
Example 1 - Purchasing a property at auction - With land and property auctions it is normal that transfers of funds take place very shortly after an auction ends. If you have no commercial mortgage or loan in place then bridging finance is a perfect short term solution.
Example 2 - Venture capital - Many entrepreneurs us this type of credit to take advantage of deals where money is needed now not in a couple of weeks. Because of the speed that these loans can be arranged in they are perfect for this type of application.
Example 3 - Any legal reason - If you have another use for commercial, domestic or any reason whatsoever then you'll be glad to know that you can use this type of credit for any reason provided that it is legal.
As you can see from the above personal bridging loans are flexible, but the uses are as varied as the people who need the finance. If you like the sound of this kind of credit and think you may benefit from personal bridging finance then check the links at the bottom of the article for further information.
Let's now explore the price for a loan of £100000 at a rate of 1% per month would cost you £1000 for a 1 month period. Rates can vary depending on personal circumstances.
Related Tags: mortgage, fast, quick, bridging loan, bridging finance, short-term, bridge loan, bridge finance
Damian is the owner of many finance related websites. Including mortgage, loans and debt advice. For more information visit Short Term Bridging Loans
To find out more or get individual quotations visit Short Term Bridging Loans
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