Bridging, Auction & Refurbishment Finance
You may wish to consider bridging finance if you are looking to purchase a property at auction, refurbish a property or complete on a purchase where the chain has collapsed.
Bridging finance is typically designed to act as a short-term loan facility which can be delivered fast because of the flexibility and minimal underwriting criteria compared with a traditional mortgage provider. These lenders are not led solely by household income but prefer to make their judgement based on the creditworthiness and experience of the borrower. Lenders will consider the quality of the security being offered to them and how the loan will be repaid at the end of the term.
Bridging finance has a reputation for being expensive, but Providence Global Finance has unrestricted access to bridging lenders from across the market, meaning that we can access the most cost competitive, innovative and fast paced financing solutions to ensure that our clients do not to miss their opportunity.