Home > Payday Loans > Short term bridging loan: – Help you to purchase real estate

Short term bridging loan: – Help you to purchase real estate

Todays Date: October 18, 2018

Loans are meant to help you. If you are going to purchase the property then there are two things which you should consider it money and time. Time because you should make right decision at right time and opt best deal. Money because you know that the rate of property is so high that you should make best deal that suits you. In that situation if you are short of cash at the time need the help till you sell out your old property then you should apply for Short term bridging loan.

Short term bridging loan is a bridge between the price of new property and the old one. Normally in this situation buyer old property is not been sold yet and the amount accruing from the land is used as down payment of land. In this you have to pledge your new property as collateral with lender. Here lender would offer you amount which will vary from £25000 to £75000 and you have to pay back money from 5 to 10 year. The best part of this aid is that here lender will approve your application fast so that you should not lose the chance of buying property.

Short term cash loans are the free from all the formality so that you should not waste your time in just fulfilling the formality. In this you have to do less paper work which is not at all time consuming and you can avail it as soon as possible.  But you have to submit certain documents which are necessary for availing aid.

Eligibility criteria

  • Must be dweller of UK
  • Should have regular source of income
  • Must have valid account in bank
  • Age should be 18 year or more

People who are suffering from defective tag such as CCJ, IVA, Arrears, Defaults, Insolvency, Bankruptcy, Late payments, Foreclosures etc has to phase lots of problem in availing aid. No need to get tenses in this aid is free from credit check. Here lender will approve your application on the basis of your regular and stable income.

To avail this aid you need to fill online application of loan and with in short span of time lender will transfer the fund into your account.

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