At Chase Saunders we specialise in serving the professional sectors, for any short term funding. A main source of short term funding which is frequently used is short term bridging loan.
This could be for any reasons, including purchasing a property, a business or even if you are a having a temporary cash flow problem. You may be ready to buy a new home but the sale of your current home still hasn't cleared? Chase Saunders could be the fastest answer to plug a gap!
A short term bridging loan is basically a short term mortgage which is secured against your property, in either the form of a first charge or if you currently have a mortgage you are not clearing, a second charge. A short term bridging loan will generally have a higher interest rate then a mortgage, but a short term bridging loan is mainly used for generating money quickly to produce yourself more money or in few cases paying more for convenience.
Our short term bridging loan rates are highly competitive, with rates starting from as little as 1% per month. Our service is focused and streamlined to ensure that the funds are with your as swiftly as possible. We usually aim to have the funds with you within 72 hours of receiving your initial enquiry, but in more complex cases you are best to allow around a 7 day turn around for the short term bridging loan to complete.
You can have a short term bridging loan over a two month term or anything up to around three years. It is highly unlikely that we won't be able to find a time scale to suit. Another benefit of taking out a short term bridging loan is the fact that your current credit status is irrelevant and we have no limits on the amount you can self certify for your income. A short term bridging loan usually based on the level of equity you currently have in your property.
If you have any questions with regards to a short term bridging loan do not hesitate to contact a short term bridging loan specialist on 0800 138 2657.