Free Newsletter!

Privacy Policy

Bridging Finance

Bridging Finance (also sometimes referred to as Bridging Loans or just Bridge Loans) is typically a short-term loan that an individual or business uses to supply cash for a property transaction until permanent financing can be arranged. This is something that can come in very handy, depending on your particular situation. There are two main points that you need to consider before you opt for a Bridging Finance package: Your needs and the state of the property market.

One of the major benefits of Bridging Finance obtained through Summit Finance is that it will allow you to negotiate and complete on a property as a cash buyer, even though you may have no cash of your own.

You will need to evaluate your current situation to determine if your needs justify taking on this type of finance. Will you lose the new property if you can't offer a deposit? Would you be eligible for a discount on the purchase price if you can come up with the cash fast? Can you later re-mortgage for more than the purchase price and take cash out?

Once you've found a motivated seller and closed your below market value deal, the hassle to finance it begins! This is where Summit Finance can help you.

Traditionally, you would get a mortgage to buy the property at the full purchase price, and then wait on the lender’s whim – often for several months – for a re-mortgage on the higher value to release the equity. This process can be very costly and time consuming, and ties up capital in the form of your deposit.

Like many other investors, we became frustrated with the need to get two mortgages (or have a massive pot of cash), pay two lots of solicitor’s fees and wait (perhaps for months) to get cash out of the deal before we could move on. We knew there must be a better and cheaper way of doing this.

Our bridging finance system saves you time and money on each property you buy. So there's no need to pay high fees or wait for the ‘privilege’ of arranging a re-mortgage ever again.

Our bridging finance is simple, very effective and is proven. It has been used successfully by people ranging from those doing their first ever property deal, to experienced investors with multi-million pound portfolios, and is recommended and resold by mortgage brokers.

Our fees start from just 0.4%. We can recommend both solicitor and mortgage broker if you need one.

You can Apply Now for a decision in principle, or get your FREE Report on how Bridging Finance works by entering your name and e-mail address below, and we'll rush a copy to you so you can save yourself time, money and hassle on your very next deal and help you achieve your investment goals that much sooner.
Privacy Policy