Here at Concept Mortgages we can arrange a choice of either secured loans or bridging loans.
Shown below are some are some of the differences in these loan types.
“A secured loan is a loan whereby a borrower pledges some asset (commonly property) as security against the loan.”
With a secured loan you can usually borrow from £3,000 to £50,000, some lenders will consider lending up to £100,000.
The amount borrowed is repaid monthly over a term agreed at the outset, which will usually range between 3 and 25 years.
WHO IS A BRIDGING LOAN SUITABLE FOR?
A Bridging Loan is an excellent source of secured, short-term finance that can be arranged very quickly. It is suitable for those buying property in auctions, funding the time between buying a new
home and selling an old one, buying a property for renovation and a quick re-sale or any purpose
where short-term cash flow assistance is required.
Simply fill in the form below or call us on 0151 342 3084 and one of our team will be on hand to hep and advise you.