Bridging finance could save your dream

Bridging Finance in Birmingham is often taken out where funding is required at short notice, for example, buying a property at auction. However, a bridging finance mortgage has many other uses, the most common bridging finance solutions being:

  • Purchase one property before completion on the sale of another by utilising a bridging mortgage.
  • Fund the purchase of a property in need of refurbishment and possibly un-mortgagable in its current condition. The property would then be re-financed onto a normal mortgage after the improvements have been completed.

The list of possible uses is virtually endless, but they often have two elements in common; they are required at short notice and for a short period of time.

A Bridging loan can be either on an “open”(1) or “closed”(2) bridging basis. RM Mortgage Solutions have the resources to arrange bridging loans that will meet your needs, whilst we can also arrange the longer-term funding to replace the bridging loan once the purchase is complete.

If you are a first-time buyer and / or lack experience with mortgages then a bridging loan may not be the right option for you. However, every case is individual so why not call us to discuss your options.

(1) An “open” bridging loan requires no pre-arranged exit strategy with the lender.

(2) A “closed” bridging loan is where there is a guaranteed exit strategy. The rates for a “closed” bridging loan are usually lower than for an “open” bridge due to the lower risk for the lender.

If you would like further information on bridging finance then please contact us.

A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

Please Note: Some forms of Bridging Finance are not regulated by the Financial Conduct Authority.

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For independent mortgage advice that is tailored to your specific needs, get in touch with the experts at RM Mortgage Solutions today.

Why trust RM Mortgages Solutions?

By choosing us as your independent mortgage advisor, you can be sure to receive comprehensive advice from experienced professionals with access to cutting-edge information about the current mortgage market. Our team of experienced professionals takes pride in their ability to build long-term relationships with clients and assist them throughout the entire mortgage process, from start to finish.

We understand that each client’s situation is different, so we work hard to ensure that each mortgage is tailored specifically to fit your requirements. We always provide impartial advice and unbiased opinions – allowing our clients complete peace of mind when making important financial decisions.

To discover what RM Mortgage Solutions can do for you, get in touch with our specialist advisors today.

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