Alternatives to Bridging Loans

Alternative ways of bridging loans

According to the conditions, the borrowers may also consider financing by mortgages or, conversely, shop holders may borrow money through assets such as vehicle, equipment and machine financing. The new president of the Association of Bridging Professionals, Rob Jupp, explains that bridging loans should not be seen as an option to traditional mortgages.

Mister Jupp says that bridging loans were definitely not eligible if the customer did not get any mortgage loans. "This would put the customer in a position where he could be compelled to resell his real estate in order to pay back the bridging credit. In some cases, however, there may be alternatives through traditional loans, collateralised loans or even business loans.

Enterprise Finance CEO Danny Waters says the bridging credit is a one-of-a-kind offering and there are no other offerings on the open mortgage finance markets. Bridge work usually starts at around 30,000 and has no limits.

Alternative ways of bridging loans

According to the conditions, the borrowers may also consider financing by mortgages or, conversely, shop holders may borrow money through assets such as vehicle, equipment and machine financing. The new president of the Association of Bridging Professionals, Rob Jupp, explains that bridging loans should not be seen as an option to traditional mortgages.

Mister Jupp says that bridging loans were definitely not eligible if the customer did not get any mortgage loans. "This would put the customer in a position where he could be compelled to resell his real estate in order to pay back the bridging credit. In some cases, however, there may be alternatives through traditional loans, collateralised loans or even business loans.

Enterprise Finance CEO Danny Waters says the bridging credit is a one-of-a-kind offering and there are no other offerings on the open mortgage finance markets. Bridge work usually starts at around 30,000 and has no limits.