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 – Buy Property At Your Convenience




By Peter Taylor

You must buy that property, either it is residential or commercial one, immediately but you lack the funds or selling old property may take a lot of time. In such urgency if timely financial support does not come, you may loose the property to some other buyers roaming around. For meeting such urgency, lenders have carved out bridging loans. Lenders approve bridging loans as a financial arrangement for instantly buying some property till the borrower sells old property for paying off the loan or gets fiancé from any other source.

Bridging loans are short term loans. So, bridging loans carry a very higher interest rate. But one huge advantage for the borrower is that he can reduce the burden of loan on him self. The borrower pays only interest till he is in a better position of paying off the loan. The borrower pays off the principal amount towards bridging loans at one time in the end.

So, bridging loans allow the borrower enough time to wait for a suitable buyer of his old property so that he can sell it at higher price. And when finally sells the property he can easily pay off the principal amount.

Lenders offer bridging loans against any valuable property of the borrower or the very property to be sold or bought can be placed as collateral. The loan amount depends on equity in collateral or value of the property.

Because of very high interest rates and being secured in nature, bridging loans are approved for bad credit people with an ease. So bad credit people can apply for bridging loans without any worry. But make a good comparison of different bridging loans providers so that you apply to a lender who has comparatively lower interest rate.

Bridging loans are considered as source of instant financial assistance while you are in urgency for buying a property. You can pay off the principal amount at a time in the end and till then pay interest only. So till you sell old property, the loan is not at all a burden on you, except that you pay higher interest. The article informs you more on the loan.
 
 
About the Author
Peter Taylor is a senior financial analyst at 24 Hr Bridging Loan with an acumen for finance and insurance.To find Bridging loans, best bridging loan, bridging high loan, bridging loan open, bridging loan short term uk that best suits your need visit http://www.24hrbridgingloan.co.uk

Article Source: http://www.simplysearch4it.com/article/46826.html
 
If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/46826.html" as shown above and make it hyperlinked.



  Some other articles by Peter Taylor
Finance on Low Rates Is Possible Through Personal Loans
Personal loans are the most initial and popular loan in the financial market. These loans provide financial assistance to the person in fulfilling dreams, either it ...

Bridging loan UK: Making a financial bridge for you
Nowadays, property transaction has become so common in the UK. Many people in the UK are buying a new property by selling their present ones. Are you planning to purchase some property ...

Home Equity Loan Is a Blessing In Disguise
Home equity loan allows you to borrow money using your home's equity as collateral. Collateral as you know is the security against which you take the ...

Bridge in the Financial Gap with Bridging Loans
Located dream property for building your home and short of cash? The bridging loans are the best solution in such a situation. Bridging loans help in bridging the financial gap between the purchase of a new ...

Best Loans With Best Rate: Cheap Secured Loans Uk.
What a borrower needs in the form of loan? Surely a good amount of money, wider repayment duration, flexible loan ...

Consolidation Tenant Loans – Clear Debts In Smooth Manner
Often a tenant is not in a position of making timely payments towards loans because of limited income source and ...

  
  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