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Bournemouth Bridging Loans

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Bridging Loans in Bournemouth

In Bournemouth’s competitive property market, timing is everything. Missing out on your dream property due to delays in traditional financing can be frustrating.

A bridging loan could be the game-changer you’re looking for to quickly secure your property investment.

GPS Financial are award-winning bridging loan specialists. We help individuals and businesses secure the funds fast to complete a property purchase or finance property development work.

Whether you’re buying a residential or commercial property, we understand the urgency and can tailor solutions to your specific needs.

Work with our Bournemouth bridging loan specialists and you could have a decision in hours and the money in days!

What is a Bridging Loan?

Think of bridging loans as temporary financial bridges that connect a residential or commercial property purchase to long-term funding.

Need to complete a purchase before selling your existing property? A bridging loan helps you secure the deal now and pay it off with your sale proceeds later.

Need to move quickly to secure the perfect property in a competitive market? A Bournemouth bridging loan could be just what you need.

Here are just a few examples of how bridging loans can help:

  • Developers: Transform a neglected property or fund a new project using a bridging loan to finance the development phase. Pay off the loan with a standard mortgage once it qualifies.
  • Landlords: Expand your investment portfolio by quickly acquiring a new property while securing permanent financing afterwards.
  • Broken property chains: Fix a stalled property chain by using a bridging loan to keep your purchase moving, preventing you from losing the deal.
  • Auction purchases: Secure a property at auction with a bridging loan while arranging a traditional mortgage.
  • Cashflow solutions: Bridge unforeseen financial gaps for taxes, probate, or other business needs.

Speak To An Expert

Giving you peace of mind while you sit back and let us do all the work for you while finding you the best deal for your financial situation.

Bournemouth Bridging Loans

GPS Financials’ extensive network of lenders goes beyond high-street offerings, ensuring you get the best possible rates and terms.

We can help you secure bridging loans in Bournemouth from £25,000 to £25 million, covering 60-85% of your property’s value. Typical terms range from 6 to 18 months.

Bridging loan types:

 

Each offers fast decisions and delivery of the funds. If you need money in a hurry for any property purchase or development, a Bournemouth bridging loan could deliver the flexibility you’re looking for.

Whatever you need bridging loans for, if you qualify and have a solid exit strategy to repay the loan, we can help you secure one.

How to get a Bournemouth Bridging Loan

The easiest way to secure a Bournemouth bridging loan is to work with GPS Financial.

As bridging loans are specialist financial products, it’s worthwhile working with experts. GPS Financial can help you choose the right loan for your situation and walk you through the entire process. We’ll even help you with the paperwork!

Lenders will typically look at the loan size, your deposit, income, the property it will be used to purchase, the loan term, your credit history, and the location of the property.

Most importantly, lenders will want to see a viable exit strategy to pay off the loan. That could be proceeds from a sale, standard mortgage, inheritance or something else.

It will also depend on whether you’re an individual or a business.

For individual applicants, your credit history, income and affordability checks are important.

For businesses or those looking to use a Bournemouth bridging loan to purchase a commercial or buy to let property, it’s more about your affordability and potential income from that property.

You may also need to use another property as security. Much of this will depend on your circumstances and the lender, and GPS Financial can advise throughout the process to help you make an informed decision.

Our Bournemouth bridging loan team can walk you through everything and discuss your options.

Why choose GPS Financial for your Bridging Loan?

Our award-winning team has a proven track record of securing favourable bridging loans for a range of purposes. We offer a personalised approach, working closely with you to understand your needs and achieve your goals.

GPS Financial award for best firm bridging and commercial

Ready to unlock your property potential with a Bournemouth bridging loan? Contact GPS Financial today!

Call us or fill out the form on our website for a free, no-obligation chat. Our expert advisors are on hand to discuss your options.

Why GPS Financial?

Leading property finance specialists
We remove the stress and the paperwork
Match you with the right deal for you
No case too big or too small