Bridging Loans

Buying a property can be the biggest decision made in our lives. It is for this very reason that impartial advice is critical from qualified advisers.

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We are able to offer you specialist advice via trusted third party introduction for both commercial and residential markets and take pride in having access to a wide range of loan providers, ranging from high street banks to small private investors.

So what are bridging loans?

A typical use of a bridging loan would be for those times that you’ve still not found an owner for your old property but chosen a new one to move into. The loan is designed to help with a cash inflow until you’ve sold you’re old property.

Some additional examples of where bridging finance may be used for short term solutions;

  • Property sale has fallen through or is delayed and client is purchasing another property
  • Purchasing properties at auction
  • Temporary cash flow problems
  • Property Development
  • Buy-to-let
  • Renovation of property
  • Land acquisition
  • Urgent payment of a tax bill
  • Avoiding bankruptcy
  • Prevention of repossession
  • Divorce settlement

 

Secured and unsecured loans are regulated by the Financial Conduct Authority.

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Your home may be repossessed if you do not keep up repayments on a mortgage.

The Lytle Group is directly authorised and regulated by the Financial Conduct Authority (FCA 308100). 

Registered office: Curtis House, 34 Third Avenue, Hove, BN3 2PD. Telephone: 01273 728 381 

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