Fast Bridging Loans
SCI are specialists in the short term lending market, providing easy, fast bridging loans and auction finance to private individuals, firms and businesses for a variety of purposes and applications. Bridging Finance is made trouble-free with SCI; our ability to provide rapid funding will allow you to devote more time to the actual purpose of the loan, secure in the knowledge that your bridging loan proposal is in safe hands.
What Are Bridging Loans?
The terms “Bridging Loans” and “Bridging Finance” refer to the fast provision of funding for individuals and businesses. The finance arrangement is generally temporary, typically lasting from 3 to 12 months. The client benefits from the opportunity to obtain a more permanent source of funding over an extended repayment period on the best terms available. Alternatively, the project or development is completed within the chosen term and the loan is repaid.
Uses For Bridging Finance
Fast bridging loans are available from SCI for a variety of purposes including: auction finance, first and second mortgages, new-build property construction and development, home renovation and refurbishment, and debt consolidation amongst many other short-term applications until your capital is realised from another source.
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Advantages Of Bridging Finance
SCI understand that financial circumstances, opportunities, and situations can change rapidly. The incentive of a new development or auction purchase can stretch finances to the limit. Bridging Loans literally “bridge” the gap between when the finance is needed and when a remortgage or sale is completed.
Non-Status Bridging Loans
SCI approve fast bridging loans for non-status customers as well as status clients based on our fundamental understanding of the varying economic factors and circumstances that face us all. Over thirty years of mortgage lending provides us with the experience to cater for applicants with widely differing credit ratings.
Quick Bridging Finance Decisions
SCI are the principal lenders; speaking directly with us will enable you to gain access to your funds much sooner, allowing you to buy that property, progress with your construction or development, complete that domestic or business transaction, or finance a host of other everyday plans.
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SCI are Authorised and Regulated by the Financial Services Authority for Residential Mortgage Business and certain Buy-to-Let Loans