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Need a bridging loan? Here at Bridging Loan Now, we have experienced and dedicated staff who are able to process your bridging loan application with efficiency and confidentiality assured.
Bridging Loan Now specialise in arranging bridging finance that covers a wide range of circumstances.
You may require a bridging loan to complete on a property deal - we have the team to deliver you the funds in time; or maybe you need a bridging loan for a short term injection of cash to your business - we can make this happen for you.
- Bridging loans from £30k to £10m
- Rates from 1.35% up to 85% LTV
- Available for 1 to 9 months
- No lengthy interviews or bank visits required
- True self cert available
- No proof of income required
- Adverse considered including arrears and CCJ's
- Non status - no credit checks or references from Lenders
- No early redemption penalties (after 1 month)
- Prime and sub prime loans available
- Fast decisions
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Latest NewsLatest News from Bridging Loan Now - Tiuta, Bridging Loan Lender launches first comprehensive review of Bridging Loan Market8 June, 2009
Tiuta, one of the UK’s leading bridging loan companies, is undertaking research in order to compile the very first comprehensive review of the UK bridging loan market.
Conducted by Tiuta, the survey will be asking senior-level advisors within the bridging loans industry for their views on current market trends, FSA regulations, mortgage sourcing systems and what they look for when dealing with a bridging loan service provider. They will also be asked to pick out their top 3 bridging loan lenders in the past 12 months from a compiled list.
Gary Booth, CEO of Tiuta, said: “No one has yet conducted a fully comprehensive survey of the bridging loans service industry. By questioning a good representation of bridging loan advisers across the market, and by collating and interpreting the data accurately, we should have a much clearer idea of just how the bridging loan market is perceived. As this sector has grown significantly in the past year or so, we felt it was important to monitor market trends – both past and current – to give us a clear indication of where the future of bridging finance is going, and what we can do to perform better. “
Latest News from Bridging Loan Now - Bank holds rates at 0.5%04-Jun-2009
The Bank of England’s Monetary Policy Committee has decided to hold the base rate at 0.5% for the third month in a row.
The MPC has also voted to continue with its £125bn asset purchase programme, or quantitative easing.
It expects the programme to take another two months to complete and says the scale of the purchases is to be kept under review.
With little room for manoeuvre in cutting interest rates, all eyes were on whether the Bank would want to extend its programme of quantitative easing beyond the £150bn limit agreed with the Treasury.
Commentators had forecast that the central bank may request more money to play with in an attempt to boost the money supply.
Johnathan Cornell, head of communications at First Action Finance, says: "Many analysts believe the base rate will remain at 0.5% until well into 2010.
"Whilst that's great news for those borrowers on tracker rates, those who are sitting on the fence on their lenders standard variable rate, waiting to see what happens, face a much bigger potential problem than splinters.
"They can sit tight and enjoy their low rate however if they need financial stability the time to get off the fence is rapidly approaching."
He adds: "Swap rates which lenders use to fund their fixed rates have been increasing in the past few weeks and we have seen fixed mortgage rates edging upwards.
"Most of the lenders which offered borrowers 'drop lock' facilities which allow borrowers to change from a tracker rate to a fixed rate with incurring early repayment charges have scrapped these in the past couple of months.
"If borrowers want to fix their mortgage the time to act is now, delays will be costly."
Ray Boulger, senior technical manager at John Charcol, says: "Despite the Bank having used about £75bn of the funds it has agreed to commit under its quantitative easing programme it is hard to see any visible impact of this so far in terms of any real increase in mortgage availability.
"It may be that with the housing market performing better than virtually all the forecasts at the end of last year, albeit with activity still at a historically low level, the modest extra mortgage demand this has generated is enough to be the straw that breaks the camel’s back."
Latest News from Bridging Loan Now - CBI says credit crunch grip weakening3 June, 2009
The CBI (Confederation of British Industry) believes that conditions are expected to stabilise for businesses in the months ahead.
Access to business finance, be it in the form of a business loan, commercial bridging loan, buy to let mortgage, asset and cashflow finance, equipment leasing and invoice factoring, and acquisition and development finance remains a serious problem for businesses, but the rate of deterioration in credit conditions slowed further over the past three months, the CBI said.
Responding to the CBI's latest Access to Finance Survey, businesses were less negative than they were in March about the supply of new and existing credit. Asked about the availability of new credit lines over the past three months, a net 20% reported that the situation had deteriorated. While this indicates that supply remains tight, conditions have eased since March (-36%) and January (-62%). For existing credit lines, the balance was -10%, compared with -16% in March.
The easing of conditions for new credit supply is expected to continue. Only a net 7% of firms see a further fall in new credit supply over the next three months. Meanwhile, no further worsening is anticipated for existing credit supply. Around 10% of firms expect the situation to improve, and another 10% expect it to deteriorate, giving a balance of zero per cent, which indicates that conditions for existing credit will be stabilising.
Ian McCafferty, CBI chief economic adviser, said: "Credit availability is still a concern, but the severity of the situation is easing compared with a few months ago. Big companies who were encountering serious problems getting credit at the start of the year are still finding it difficult, but they expect that the supply of existing credit will get slightly easier over the next few months."
However, while the tightening of credit supply in bank loans and overdrafts has moderated over the past three months, trade credit insurance remains a significant problem. A balance of 54% of firms reported its availability had worsened in the three months to May, although this was not as severe as in the March survey (-72%).
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