What is a Bridging Loan?
Bridging is a short-term loan secured against property or land. This type of financing can often last from one week to three years and is often used to secure assets in a timely manner.
When is Bridging required?
Bridging finance can be used for a plethora of reasons. They are most commonly used to purchase a new property before an existing one has sold but, can also be used to acquire property with sight to undertake a development and remortgage upon the developed (and greater valued) property. Other times, clients may wish to utilise bridging finance at auction, for an understandably timely acquisition. Or perhaps to release equity should the client require short-term funds.
Short-Term Loans
Perhaps you have a large invoice that requires settling? Or perhaps a life event that you need a quick sum raised. JLP can arrange short terms with short-term notice. We are connected with lenders who can provide quick turnarounds – provided a few basics are in order.
Auction Finance
Much like the above, we appreciate that at auction houses – time is of the essence. Whether the gavel has already hit – or you’re about to attend an auction, JLP can provide a speedy solution when it comes to the fast-paced nature of auction houses.
Residential Bridging loans
We recognise that sometimes our clients require short-term funding for their personal short-term projects – even within the home. Whether you’re looking to give your property a makeover or construct upon your land on a greater scale, JLP can assist with this project.
International Bridging loans
We can assist with not only the acquisition of your new international property purchase but also engage a team to support the transaction in its entirety. From foreign exchange to legal advice to any required renovation. Countries include, but are not limited to: the USA, Spain, France, Portugal, Cyprus, Greece, Ireland, and Monaco. JLP Advisory can guide and advise on the purchase, from start to finish.