First Mortgage Trust
Address: P.O. Box 2587, BATH, BA2 6ZA
Email: admin@mortgage-loan-uk.net



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Bridging Loan


Market Leading Bridging/Short term finance
A panel of lenders and subsidiaries, many established since the late eighties, early nineties are specialist lenders operating in the short-term lending market, or as it is more commonly known, bridging finance. Read one of our articles Bridging Loans :: The Essentials (opens in new window). Our lenders have gone from strength to strength and are firmly established as the leading players in the UK short-term funding market.
Flexibility and Service
The ethos is service and flexibility. This is not just a statement, but a fact. Lenders who look for the positives in an application not the negatives and are able to take a flexible approach to individual applications allowing for fast processing and speedy completions of loans.
No upfront fees
To emphasise our lenders positive approach to business up front fees are not charged. The aim is to complete as many proposals as possible in a fast and hassle free manner.

Work out your monthly bridging costs......

For a no obligation enquiry, Apply now.....

Redemption/repayment of loan.
No minimum term or early repayment penalties. Standard loan term 9 months-maximum loan term 12 months (Extensions available on request)
Q.Can I borrow on Scottish or overseas property?
A.Unfortunately loans are only available against properties in England & Wales. Loans can not be considered on property situated in Scotland, Northern Ireland or outside the United Kingdom.
Q.Are loans available to off shore companies?
A.Yes, provided the property being offered as security is located in England & Wales and a personal guarantee of a person resident in the United Kingdom is provided.
Q.Can Second Charges be offered as security?
A.Yes, second charges can be accepted as security. Please contact us to discuss your requirements.
Q.Are loans available on land (i.e. where there are no buildings)?
A.Yes, provided strict criteria are met.

There are two types of Bridging Loans:
Open Bridging Loan - this comes into action when final terms and conditions have not been agreed. You may not have on the terms by which you are going to sell your home yet but you are still determined that you want to go ahead with the purchase of the property you are buying.
Closed Bridging Loan - When all terms and conditions of both sale and purchase on both properties have been agreed but there is still a delay on moving in, then you can use a bridging loan.

 


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