We have access to all the best bridging loan providers, plus a range of exclusive facilities that are useful for applications that fall outside general lending criteria.
“At KIS Bridging Loans we will take the time to fully understand your plans and finance requirements, before finding the best possible deal on the facility that is best suited to your requirements.“
As specialist bridging loan brokers we arrange the best possible finance facilities for all our clients.
They are large short term loans, of amounts ranging upwards of £100,000, that use the available equity in property as security. When short term funding is required a bridging loan is often the cheapest and also quickest option.
Bridging loans can be secured on...
These are typically used by individuals and businesses who require fast short term finance, and use commercial property as their security.
Commercial bridging loans are often used to...
A bridge loan uses the equity in property as security for a borrowing facility. Unlike other secured loans and mortgages, a bridge loan can be set up quickly and can make use of property that would normally be considered unsuitable security for many lenders.
It is important to remember that bridge loans are a short term finance method, so should not be taken out for long periods. As a short term method of finance they have advantages over other funding methods because:
Before taking out any type of short term finance you need to make sure that you have an exit strategy for how you are going to repay your loan back at or before the end of its term.
Closed bridging loans
If the loan is to be repaid on a set date, for example from the sale of a property where contracts have already be exchanged and a completion date set, or from the proceeds of an investment policy due to mature of a specific date, then this is known as a closed bridging loan.
Open bridging loans
However, if there is no firm date on which the loan is to be repaid, for example the exit route is the sale of a property that hasn't yet got a buyer and could sell anytime within a week to a year, this is known as an open bridging loan.
The lenders do prefer closed loans, but for most applications these days it doesn't make that much difference with regards to finding a facility, rates and costs. This is because the bridging market is currently very competitive.