homepage_edited_edited.jpg

BRIDGING
LOANS

propifi_icon.png

Propifi are here to assist companies and inviduals with short term financing until permanent financing is secured.

Before the credit crunch in 2008 bridging finance was only offered by a small number of specialist lenders.

 

As mainstream banks tightened up their lending criteria, a gap in the market developed to assist those homeowners and landlords looking for short-term finance. Bridging provided quick access to finance for those wishing to buy a new property before completing the sale of an existing one. Bridging finance has now evolved to provide property developers a similar advantage.

The UK bridging market is currently worth £4.5bn, a large proportion of this relates to property developers looking to progress developments with bridging finance.

What can a Bridging Loan be used for?

A bridging loan can be used for many things including:

 

- Purchase Commercial properties

- Purchase land for development

- Purchase Buy to Let residential properties

- Purchase properties in need of repair 

- Purchase another property whilst pending a sale

- Equity release to develop a property

Contact us now to find out how we can help you