Bridgingloans.co.uk Reports Record Interest from Commercial and Residential Property Developers
London: July 20, 2015
One of the UK’s major authorities in the provision of bridging loans has revealed that application volumes and general interest from property developers has over recent months hit an all-time high. Bridgingloans.co.uk has welcomed the dramatic upturn in application volumes and queries, which suggest not only a much wider sense of confidence in the loans themselves, but also growing economic optimism as a whole.
Famed for offering its impartial and obligation-free bridging loans calculator, the team simply could not be happier with the way domestic and industry clients alike have responded to the services on offer. The calculator has been declared an outstanding success by Bridgingloans.co.uk, having continued to grow in popularity and use since the day of its introduction.
Bridging Loan Basics
“A bridging loan is used as a short term alternative until a longer term solution is available. Depending on the use and criteria, bridging loan rates currently start from 0.59% per month and for a term of usually up to 12 months, albeit longer periods can be negotiated either at the beginning or throughout the initially agreed term of the loan.” – Bridgingloans.co.uk
It seems, more commonly than ever before, bridging loans are being used by property developers to help source the immediate and short-term finances needed to undertake an important project. From refurbishments to renovations to large-scale remodeling, bridging loans offer potentially vastly quicker drawdowns than other loan options and are easily repaid at any time throughout the term and usually without penalty.
According to Bridgingloans.co.uk, one of the mainpoint of bridging finance is to ensure golden opportunities need never be missed. When funds are required quickly and without fuss, bridging loans are becoming an increasingly important resource in the UK financial market.
Site Security Revamp
“We pride ourselves on the speed of our transactions. We will normally call you within hours of an emailed application and supply a written agreement shortly afterwards however if you call our office, this process will be even quicker. If you decide to progress with the application we can instruct the valuation and legal team immediately while the paperwork is being processed, thus saving valuable time.” – Bridgingloans.co.uk
In addition to celebrating the positive performance the industry as a whole is currently enjoying, Bridgingloans.co.uk has also announced its switch to HTTPS encryption, in order to better protect the personal data of its service users.
The UK’s bridging loans industry as a whole has been through something of a renaissance of late and Bridgingloans.co.uk is proud to be at the forefront of the industry’s push.
Bridgingloans.co.uk is a leading UK finance broker & principle bridging loan funder with a strong commitment to transparency and customer service excellence. Bridging loan quotations are offered withcomprehensive and digestible information to ensure rational and beneficial decision making across both domestic and professional circles alike. The team takes great pride in pioneering innovative new services to meet the short-term financial needs of UK borrowers from all walks of life. For more information or to get in touch, check out https://www.bridgingloans.co.uk