Article Categories
» Arts & Entertainment
» Automotive
» Business
» Careers & Jobs
» Education & Reference
» Finance
» Food & Drink
» Health & Fitness
» Home & Family
» Internet & Online Businesses
» Miscellaneous
» Self Improvement
» Shopping
» Society & News
» Sports & Recreation
» Technology
» Travel & Leisure
» Writing & Speaking

  Listed Article

  Category: Articles » Finance » Loans » Article

Bridging Loans UK - Own A Property Instantly At Low Cost Finance

By Elizabeth Swann

It takes longer than expected time to sell your property in order to have enough funds at hand for buying a new property. By the time the old one is sold, chances are that you have lost the new property a property grabber. Obviously you are craving for instant finance. Bridging loans UK is one product that is made especially for such urgencies.

Bridging loans UK is a short term arrangement of much needed finance for the loan seeker. This loan bridges the gap, often a short one, between the time taken for selling old property and buying new property. As soon as the old property is sold the borrower pays off the loan with the help of the amount. One attractive and useful feature of bridging loans UK is fast approval. The loan is in the borrower's account within 24 hours after applying for it.

Since one usually is able to sell old property soon, bridging loans UK is a short term loan. Borrowers pay off the loan in few weeks or months. Being of such short duration, lenders charge higher interest rate on bridging loans UK. Higher interest rate is therefore despite the fact that the loan is a secured one.

For taking bridging loans UK, borrowers should provide any of their property as collateral to the lenders. In most of the cases the very property the borrower intends to sell is offered as collateral. The loan amount depends on the equity in collateral. For a greater loan the borrower would like to assess the equity in the loan. Higher equity surely enables in availing greater loan if need be so.

We give you tips for taking a low cost bridging loan UK. Higher interest rate can be countered on two fronts. If the borrowed amount is kept below the equity in collateral the interest rate may be considered for a reduction by the lender. This means you should arrange for some cash for buying the property so that you borrow minimum amount. At the same time while searching for the right lender, compare bridging loan UK offers of different lenders for their interest rates as each one of them has own rate in cut-throat loan market. The comparison allows you to settle for the lowest possible rate of interest. But higher interest rate does not give many pains. The borrowers pay only interest during the repayment period and no monthly installments are involved. This lowers the burden of interest rate.

Bad credit is not at all a problem while taking bridging loans UK. Since the loan is well secured by the very property you intend to sell or by any other property, there is no big need for making a credit check. The lender can recover loaned amount by selling borrower's property in case of a payment default.

For reducing the loan availing cast further, better apply online. Online lenders do not take any fee on loan processing and offer vital information free of cost. Lot of money is saved this way. The loan approval also comes fast on applying online.

For buying a new property till the time you sell the old one, bridging loans UK is best suited loan product. Make sure that the loan is paid back in time as higher interest rate of the loan can prove to be too much.

About the Author
Elizabeth Swann is currently working as an expert author for Find bridging loans Uk. She writes for loans and finance and provides advices on such issues. For more details including bridging loans UK,commercial bridging loans, residential bridging loans, bridging Loans for buying Property,construction bridge loans visit

Article Source:
If you wish to add the above article to your website or newsletters then please include the "Article Source:" as shown above and make it hyperlinked.

  Some other articles by Elizabeth Swann
Unsecured personal loans: Easier and convenient
Personal loans are a great resource to overcome all financial constraints. Many a time, personal loans are given against personal property, which acts as a ...

Use Unsecured Personal Loan without Placing Assets
Every body needs money for fulfilling their financial needs. Now a days, lots of lending agencies are providing different types of loans; don't ...

Instant Decision Unsecured Loans: Quick Approval! Quick Help!
Availing loans are the best option if you are short of cash and need money at hand. Getting loan approved and than the transferring ...

Instant Decision Unsecured Loan-Faster Availability
If you are only bread earner and belong to salary class of people, sometimes you need money instantly in your hand due to emergency need. In keeping mind your urgency requirements, lenders have crafted instant decision ...

Bridge Your Financial Needs With Personal Bridging Loans
When facing financial crises and in need of instant cash avail the personal bridging loans. It helps you when you need ...

Go For Unsecured Loans No Collateral! No Worries!
If "collateral" is the term that does not suit your financial condition and is a barrier while availing loan to fulfill your financial dreams than unsecured ...

  Recent Articles
One Hour Cash Advance
by Peter Hughberry

Solve Your Debts With Credit Card Debt Management Plan
by Elaine Owen

Approves loan amount faster - Online personal loans
by Ashley Lewis

Cheap Car Loans Uk:Grab The Opportunity To Buy A New Car!!
by Aldrich Chappel

Get Bad Credit Unsecured Loan with No Hassle in UK
by Anton Gabriel

For The Van Of Your Choice: Used Van Finance
by Bonnie Castle

Finance on Low Rates Is Possible Through Personal Loans
by Peter Taylor

Secured Loans- Money at reasonable rates
by Joanne Clive

The dos and don'ts of adverse credit car loans
by Joanne Clive

Redeem your business ideas with business loans
by Angelo Drew

Unsecured personal loans: Easier and convenient
by Elizabeth Swann

Low Rate Secured Loan: Avail The Benefits Of Low Rates
by Aldrich Chappel

Can't connect to database