Bridging Loans from Libra Finance

 

All too often people in the UK find themselves in the nightmarish situation where they have found the perfect home but have not yet managed to sell their own house. And with good properties getting snapped up at an alarming rate, hanging around until your property has been sold could mean that you miss out on the house of your dreams. However, UK bridging loans can provide the ideal solution in this situation.

I'm a home owner / mortgage payer*

If you own your house or are the mortgage
payer, then you may be able to benefit from
low monthly repayments...

I'm a tenant or renter

If you don't own your own home or pay a
mortgage, then we can still help with a loan
of up to 15k.

 

This type of loan is a little like a mortgage but is designed only for the short term, until you have sold your existing property. Never before have consumers in the UK has so much choice with regards to loans. The downside is that UK bridging loans tend to have a very high interest rate, but as they are only designed to bridge the gap until you sell your own property you won’t be making the payments on the loan for long. It does mean, however, that you should be fairly certain that it is not going to take forever to sell your current home otherwise you could end up paying through the nose on interest on these loans. You will also find that bridging loans are available from the majority of lenders that deal with mortgages, and in the same way as mortgages you will find a variety of rates and deals on these loans so it can pay to do your research.

 

This type of loan is a secured one which is secured on your current or new property, and following a valuation most lenders will allow you to borrow around two-thirds of the value of your home to fill the gap. Of course, speed is another important consideration, as you will most likely need the loan to come through as soon as possible so you don’t miss out on the property you want. You should look for a lender that can offer attractive rates and can process your application speedily.

Libra Finance UK

a range of loans for any purpose

fast decision from our courteous staff

available up to 2.5 million

Adverse Credit Loans Mortgages Bad Credit Loan Bridging Loan Can't Get a Loan Business Car Loan Career Development Loan Consolidation Finance Home Equity Loan Homeowner Low Cost Low Interest Online Personal Secured Small Business Student Tenant Unsecured Personal Injury


OUR TYPICAL, VARIABLE RATE IS 10.9% APR. RATES RANGE FROM 7.4% APR to 27.60% APR THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.