Bridging and Commercial Finance
Links Financial Services London Ltd are able to refer you to another adviser to offer specialist advice for both commercial and residential markets and has access to a wide range of loan providers from high-street banks.
Use of a bridging loan would be for those times that you’ve still not found an owner for your old property but have chosen a new one to move into. The loan is designed to help with a cash inflow until you’ve sold your old property.
Some additional examples of where bridging finance may be used for short-term solutions;
- Property sale has fallen through or is delayed and the client is purchasing another property
- Purchasing properties at auction
- Property Development
- Renovation of property
- Land acquisition
- Divorce settlement
The simplest form of commercial finance is a commercial loan. You agree on an amount, a repayment period and the cost of finance (for example, the interest rate and fees).
Commercial finance can be secured or unsecured. Secured loans are usually cheaper because the lender is taking a lower risk, but you need to have assets to use as security. Unsecured loans are useful for companies that don’t have enough assets to get a secured loan.
Commercial finance can come from a variety of sources. They are offered by mainstream banks, challenger banks, and specialist independent lenders, as well as peer-to-peer lending platforms. Because commercial finance is designed for larger organisations, they’re largely unregulated. This means you should take care navigating the market because you won’t get the sort of projections we’re used to as consumers. Smaller businesses, particularly sole traders and partnerships, will often choose small business loans as their favoured option.
Please contact us if you are looking for the following:-
- Bridging loans
- Commercial Finance
- Unsecured and Secured loans
Note: Some forms of Commercial Mortgages are not regulated by the Financial Conduct Authority
Commercial Mortgages and Bridging Finance are not regulated by the Financial Conduct Authority.