Bridging Loans FAQs

We have tried to encompass both terminology and answers to our frequently asked questions on both secured business loans or commercial and also residential short term bridging loans. If you feel there is some information you require but cannot seem to find it, please do not hesitate to contact us by telephone all email.

All business and residential enquiries are dealt with in the strictest confidence and as quick as humanly possible. As we are principle lenders, business loans, commercial funding and homeowner finance all have a very fast contact and completion rate, sometimes within an hour.

We've listed below some of the more frequently asked questions concerning Bridging Loans.

If you require further information on Bridging Loans or your particular question is not answered to your fullest satisfaction through our Bridging Loans FAQs, please contact us immediately.

How much can I borrow as a bridging loan?

Our bridging loans are typically from £27,000 to £1 Million. We may also consider bridging loans outside of this range - please contact us if you would care to discuss a specific situation.

How soon can I have the money?

We have actually completed a bridging loan within 27 hours from the first enquiry and application. In most cases three to five working days is a sufficient time in which to complete most Bridging Loans.

What are the charges on Bridging Loans?

Our typical interest rates range from 1.1 % per month to 1.5% per month for bridging loans.

- Click for finance -

What are the penalties if I pay back the bridging loan earlier than agreed?

Easy Bridging Loans Plc offers complete flexibility in their loan terms. Unlike other Companies, you decide upon the bridging loan term but you are always able to extend the period to suit your own circumstances. You will only pay for the period of interest that you use.

What security is required for me to get a bridging loan?

A First Legal charge and Second Legal Charge on the property provided as security for your quick bridging loan.

What is a Second Legal Charge for your bridging loan?

If you own a property with an existing mortgage, Easy Bridging Loans PLC is still able to consider a quick bridging loan whilst your current mortgage is in place. You will not have to repay your existing loan. This is known as Second Charge Lending.

What is the level of advance that you are prepared to offer for the bridging loans?

Typically, Easy Bridging Loans PLC is able to consider advancing up to 75% of the value of any acceptable security, to provide you with a bridging loan.

What happens if my property is already mortgaged, how much more can I borrow?

The level of 75% is still available but your existing mortgage will have to be deducted from this amount for your bridging loan.

Do you lend to individuals with impaired credit?

We lend to individuals with a poor credit history. We will accept applications from an individual with CCJ's.

Are there any cases that you will not accept for bridging loans?

We will not lend to Bankrupts, however there are opportunities for you to involve Easy Bridging Loans in your negotiations for discharge with your Trustee or Official Receiver.

We can’t offer loans which are secured by a first charge on any property that you or your family or connected persons intend to live in

What types of property is acceptable as security for bridging loans?

We will accept standard residential and commercial property as securities on short term loans.

We cannot provide loans secured on a first charge basis where the customer , their family or any persons connected to them are intending to use the property as a dwelling.

What should I do if I have been refused by another Lender as my security is not conventional?

Easy Bridging Loans is a "hands - on" lender and we are able to take entrepreneurial views. Contact us with your enquiry even if you property is "out of the norm" to get a quick bridging loan

How is Easy Bridging Loans able to act so swiftly?

Easy Bridging Loans is a Principal Lender - lending it's own funds. We avoid excessive and lengthy bureaucracy or "red tape". We do not make a mountain out of a molehill!!!! You will deal DIRECTLY WITH THE DECISION MAKERS for your bridging finance.

What's the catch?

There isn't one! Easy Bridging Loans is at the heart of the property market with experience in providing bridging finance for over 20 years. We have extensive experience within the bridging loan sector. We set the highest standards in courtesy, professional diligence and business ethics.

- Click for loans -

The overall cost for comparison is 18.5% APR Typical

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

* We cannot provide loans secured on a first charge basis where the customer , their family or any persons connected to them are intending to use the property as a dwelling.

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.