"If you need to borrow money fast and you are able to provide the required assets as security, a low-cost bridging loan from Donkey Finance can provide the perfect solution."
Residential bridging loans are short-term borrowing products that are typically secured against a client’s primary residence or main dwelling. They are useful for covering the cost of home improvements, for debt consolidation purposes, or for
funding the purchase of a new property whilst awaiting the outcome of the sale of your original home. If you want to raise funds quickly and you have sufficient equity left over in your property, whether it is mortgaged or owned outright, a short-term bridging loan from Donkey Finance could solve all of your problems at once.
With low borrowing rates, starting at just 0.43% per month on loans that are secured against 50% or less of the total worth of your primary residence, these competitive bridge loan products are highly affordable and exceptionally convenient. Borrowing terms are available from just two to three weeks, up to 12 months or more, depending on your requirements.
Unlike most other secured borrowing products, our FCA approved and regulated bridging loans are repaid in full at the end of the term with the associated fees and costs rolled-up and added to the net value of the loan you are applying for.
Unregulated bridging loan products are useful in situations where the borrower intends to use a non-residential real estate asset as security for funding. If a bridging loan is secured against a commercially
owned piece of property or land, such as a development plot, a warehouse or a building that is not fit for habitation, then the borrowing rules are relaxed in accordance. As an experienced finance provider, the team at Donkey is able to provide both regulated and unregulated products.
Whether you are looking to acquire a short-term loan in order to purchase a new property for your business needs, or you need to raise the funds to acquire an auction property or settle a number of existing debts, an unregulated bridging loan from Donkey Finance will serve as a competitive borrowing option with flexible repayment terms. Whatever your needs, simply contact the team and we will do our utmost to provide the most sensible loan product with the most competitive rates and terms. Our fees are always amongst the lowest in the industry, and our commitment to client satisfaction is quite simply unrivalled, regardless of borrowing context.
Bridging loans start at £10,000 and upwards.
We can get you an agreement in principle within 24/48 hours.
Depending on the level of adverse credit, you will still be able to get a bridging loan secured against a property.
Depending on what the arrears are, lenders may take a view and offer a higher rate. Again with CCJ's certain lenders will take a view depending on when the CCJ was issued and the amount it was issued for. Higher rates may apply.
Depending on the circumstances, the lender may ask one to start servicing the loan or If there has been a chain break and a new buyer has been found the lender may give you a few months. It's all dependant on the situation and the lenders policy in such situations.
Second-charge bridging loans are a specialist type of secured loan, where a property that still has outstanding mortgage payments is used as collateral. As with a typical bridging loan, the full balance is usually paid back within a few months in one lump sum.
Ideal for raising funds for property improvements, a second-charge bridging loan is often accessible with no credit checks required and no proof of income. Popular when used for second-charge bridging loans including property extensions, loft conversions and building/room repurposing.
After completion of the project, there’s usually the option of refinancing onto a secured loan, reducing the rate of interest. However, where major works are already taking place on a property, a bridging lender may be reluctant to accept it as collateral.
As a whole-of-market broker, Donkey Finance provides access to the best bridging finance deals. Donkey Finance compare bridging loan rates from dozens of independent financial specialists and mainstream lenders, ensuring every borrower is able to secure accessible the funding. We make it quick and easy to compare bridging loan rates and all associated borrowing costs, pinpointing the perfect bridging loans for your requirement and your budget.
With no up-front fees and no credit checks required, we provide streamlined access to the UK's most dynamic financial products and packages. Funding is available from £10,000 with no upper-limit and can be used for most scenarios. Whether you need a debt consolidation loan, last-minute shortfalls to planned purchases or property renovation, our bridging loan comparison service will source the best funding.
Call today and let the experts at Donkey Finance handle all the complex formalities on your behalf.
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