As interest rates continue to hold at record-lows, the United Kingdom is showing greater interest in alternative financial solutions than ever before. The Association of Short-Term Lenders recently published a report, revealing a massive 500% spike in activity in the bridging loans sector over the past four years. According to the team at Bridgingloans.co.uk, the combination of flexibility, versatility and all-time-low interest rates is making bridging loans more popular among borrowers at all levels than ever before.
“Bridgingloans.co.uk is a well-established master finance broker, committed to providing service excellence & total transparency to our clients. We have access to the best rates for bridging loans, development & commercial finance making us able to deliver affordable quick finance. Developers & investors have been using bridging loans for many years to take advantage of market conditions or undervalued investment opportunities. Being able to purchase a property quickly offers numerous advantages to the purchaser such as negotiating the best price and beating competitors to the deal.” – Bridgingloans.co.uk
What’s proved most interesting about this recent spike in bridging loans industry activity is the way in which it isn’t just professionals and business applicants expressing new interest. Instead, a greater contingency of mainstream, consumer borrowers are coming forward to explore the benefits of intelligent financial solutions. When compared to mortgages, personal loans and the vast majority of conventional financial products, bridging loans have the potential to be uniquely affordable, accessible, flexible and convenient.
What’s more, a rapid and in many regions severe dip in property values has seen more interested buyers than ever before looking to secure fast and affordable finance, in order to ensure outstanding opportunities are taken full advantage of.
“Depending on the use and criteria, rates currently start from 0.46% per month and for a term of usually up to 12 months, albeit longer periods can be negotiated either at the beginning or throughout the initially agreed term of the bridging loan. Bridging loans are used primarily for property related reasons and can be secured on most residential property or land in mainland UK (subject to valuation) whether habitable or not. Funds raised from bridging finance can be used for pretty much and legal reason, provided it is agreed with the lender from the outset.” – Bridgingloans.co.uk
Bridging loans can offer the kind of near-instant cash injection that far outpaces and outperforms conventional borrowing of any kind. Right now, low interest rates coupled with fast and easy repayment terms are making bridging loans an alternative, innovative financial product of incredible value across business and consumer circles alike.
Once again, the team behind Bridgingloans.co.uk is inviting customers from all backgrounds and with all purposes in mind to actively consider the options available to them. Before instinctively opting for a conventional loan, mortgage or financial product from any mainstream lender, Bridgingloans.co.uk advises speaking to the experts and finding out what other kinds of deals may be on the table.
Bridgingloans.co.uk is a leading UK finance broker & principle bridging loan funder with a unique commitment to transparency and customer service excellence. Bridging loans are offered on the back of comprehensive and digestible information to ensure rational and beneficial decision making across both domestic and professional circles alike. The team takes great pride in pioneering innovative new services to meet the short-term financial needs of UK borrowers from all walks of life.
Source: Low Interest Rates Spark Huge Rise in Bridging Loans Activity