Short Term Finance, Short Term Funding or Bridging Finance are all terms used to describe various forms of lending specifically intended for circumstances where the finance is only required for a relatively short period of time (generally up to 12 or 24 months maximum) and where the `exit route` is known in advance. The `exit route` is the means by which the finance will be repaid at a specific point in the future.
Short Term Finance or Bridging Finance can be arranged on a first charge (mortgage) or second charge (loan) basis, which generally depends upon the specific circumstances and the security available. There are a number of reasons why short term finance or bridging finance would be used, some of the more common examples would be
As is often the case, Short Term Finance or Bridging Finance could be the perfect tool for these and many other scenarios as speed is often of the essence. It has been known for transactions to be fully completed within a single working day.
If you have a short term finance need and think short term or bridging finance may provide the solution, or if you need help and guidance on what the best solution for your circumstances may be, call us today on 0845 219 0427 or 0121 308 9114 to speak to an adviser. Alternatively complete our short enquiry form and an adviser will call you back to discuss your needs.
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE SOME TYPES OF BRIDGING AND SHORT TERM FUNDING.
Caboodle Financial Services Ltd
Mere Green House
46-48 Mere Green Road
West Midlands B75 5BT
Telephone: 0121 308 9114