Residential good or bad credit secured homeowner bridging loans finance

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Residential loans

Using a bridging loan as an alternative to other forms of residential loans is ideal if you are only looking at a short term situation maybe as a development loan for home improvements for your house or property. The amount you can borrow is worked out from the equity built up in your home. Bridging loans used as residential loans work like this. The current market value is worked out of your property. Your outstanding mortgage is then calculated and subtracted from your house value.

You can typically borrow up to ninety percent of this value for residential loans, although this can be negotiated with us as we are the principle lenders, not brokers, and treat each individual case on its own merits. Depending on the amount you would like to borrow determines your actual rate of interest which is usually between one and three percent. A very competitive alternative to longer term homeowner loans offered by high street lenders.

Bad credit residential bridging loans

Nothing in life is certain, even the credit rating of the most conscientious bill payer. Being late with just one payment on a mortgage, remortgage or loan can have a negative effect on your credit rating. Help is on hand. We are the principle lenders, and our secured loans are set up on your property, not you, so even someone with the world's worst credit history can fill out our residential loan application form.

Bad credit loans for people that have been turned down elsewhere are our speciality. A bad credit secured home owner residential bridging loan is only a click away. Please be advised that the rate of interest for a bad credit may be slightly higher that a residential loan application from someone with a more reliable history. A very competitive alternative to longer term homeowner loans offered by high street lenders.

Terms of residential bridging loans

Bridging loans for both commercial and residential borrowers are short term finance. Interest rates vary depending on your amount from one percent upwards. Minimum residential bridging loans value is twenty seven thousand pounds up to three million pounds. Feel free to contact us directly if you require a larger amount. Repayment schedules are flexible.

You can pay back your residential loan from anywhere between one and twelve months. You only pay interest repayments each and every month. You are free to clear the whole amount at any point during the twelve month agreement, simply by telling you would like to clear the residential loan in your next payment along with that month's interest rate. A very competitive alternative to longer term homeowner loans offered by high street lenders.

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