Bridging Loan: Filling Cash Gaps in Property Deals
Bridging loan, as the name sounds works to bridge a money gap. It bridges the money gap coming between the buy and sale of a property. You may have been eyeing for a property at suitable rates and now when you have found the ideal one, you find that the money in your pocket is not enough for the buy. So, will you let it off or take the help of something like this? Obviously, most people choose to have the bridging loan rather than leaving the things to go.
Bridging loan is a short term loan for short term purpose. Obviously, the purpose of buying and selling a property is a temporary action or some may say a temporary problem. Bridging loan fills in the gaps of these buys. And here is the secured loan where your property to be bought or sold plays as the collateral for the loan. The bridging loan is advanced for a term ranging up to 12 months at the most. However, one can take the bridging loan any time to buy a new property and he has to pay it back once his current property is sold. Moreover, bridging loan is termed as an interest only loan where, throughout the repayment tenure, you are to pay only the interest rates. The principal amount is allowed to be paid back any time once the borrower sells out his current property.
However, there are two types of bridging loan, closed ended bridging loan and open ended bridging loan. Closed ended bridging loan denotes a deal where all the settlement is done about your current property sale and open ended bridging loan means that you are yet to find a viable buyer of your property.
And, now, let's know the best benefit of bridging loan, the online facility. These are the days when everything goes online simply to be simple in processing, so is the bridging loan too. Its processing is simple online and that's why bridging loan is fast as well as cheap at the online turf.
Related Tags: bridging loan, commercial bridging loan, residential bridging loan, development bridging loan, short term bridging loan
Eva Baldwyn aims to inform common men and women of the several issues involved in Bridging loan through her articles. An MSc in Economics & Finance from the Warwick Business School is proof enough of the knowledge that she possesses in the field of finance. To find Bridging loan, Development bridging loan, Short term bridging loan, Residential bridging loan, Commercial bridging loan visit http://www.easybridgingloansuk.co.ukYour Article Search Directory : Find in Articles
Recent articles in this category:
- Payday Installment Loans: Ideal Funds That Supports Your Impending Needs
Any impending monetary crisis will be tough to deal with, if you are not having adequate funds. Neve
- Educational Loans -helps To Secure Bright Future
Education is said to be the most important thing in ones life. It not only helps to improve the stan
- One Hour Payday Loans No Faxing - Fastest Option Of Acquiring Money
Nowadays, loans have become a common thing among the UK people as needs are rising while the salary
- Tenant Loans - Instant Monetary Support For Non Homeowners
Are you looking for an unsecured financial help that does not demand security to place against the r
- Payday Loans No Faxing - No Verification And Delay
So many times, the approval of the loan gets delayed due to the lengthy paperwork and documentation.
- Bad Credit Car Loans -helps You Finance A Car
Are you in need of a new car? Here bad credit car loans can offer you finance as you need. Perhaps y
- Logbook Loans - Friendly Deal For Car Owners
Everyone knows that logbook is a paper issued by driver and vehicle licensing agency. This important
- Same Day Loans For People On Benefits - Quick Money For Instant Financial Hold
Urgent and unpredictable demands might arise at times when you are not financially prepared. To deal
- 3 Month Payday Loans - Feel Free With Longer Repayment Option
Are you looking for the loan that can give you small cash, but for longer duration? Are you worried
- Loans For Bankrupt People - Look Forward For Financial Stability
Financial acronym or injury and inability for reimbursement to the concerned are known as insolvency
Most viewed articles in this category:
- Unsecured Personal Loans - Loan for the Common Man
Loans can broadly be divided into two types - unsecured loans and secured loans. Secured personal lo
- High Risk Unsecured Personal Loans at Nominal Interest Rate
Today, unsecured loans gave grabbed the market as more and more people are opting for it. The loan m
- Personal Loans-Don't Suppress Your Financial Needs
Personal loans can be segregated into a secured and an unsecured loan option. If you are a homeowner
- Take the Loan; Show No Reason
If you are in need of a loan and want to utilise it for any purpose without showing the reason to th
- No Compromise With Your Pleasure, Have Your Own Car
On a fine morning, you get up to see the sun shining brightly in the sky, leaving the world bathed i
- Subsidized And Unsubsidized Student Loans!
These loans carry different loan terms and different requirements. According to the student situatio
- Interest Rate: The Key Factor on Car Loans!
There are such wide variations in APR between lenders that you can end up overpaying on your car loa
- Fight Against Tight Financial Situation With Personal Loans UK
It is always better to prepare yourself for unforeseen or unexpected expenses. If you are not born w
- Advantages And Disadvantages Of Lack Of Security On Loans!
The unsecured nature of these loans attracts tenants but homeowners as well. However, in order to de
- Unsecured Personal Loans-A Loan Everybody Is Eligible To Procure
Unsecured personal loans cater to urgent day-to-day financial requirements, and have become very pop