If you own a property you can use it to secure a loan
What you need to know
These range from £5000 to £10million with varying rates of interest. Any type of property you own can secure the loan and it can be used to:
- Free up cash from your property
- Pay off other debts
- Spend on legal fees
- Raise money without affecting your mortgage
- Get a loan at a relatively lower rate than normal
- Raise cash quickly (usually only takes 18 days)
We can help you
Broadbench offers a wide range of Secured Loans for:
- Employed and self-employed people and those with bad credit
- Multiple evidence of income including self-certification
- 5-30 year terms with no maximum age
- Buy to let capital raising
Bridging Loan
These are short-term loans secured against a property, which normally last between one day and 12 months.
What you need to know
Bridging Loans allow you to borrow up to 80% of the value of your property.
Bridging Loans can be used for any number of reasons:
- Quick borrowing, funds can be arranged within 24 hours
- To purchase a property outright if it’s below market value
- To refurbish or buy un-mortgageable properties
- To purchase one property before the completion on the sale of another
- Pre-arranged Bridging Loans can effectively position you as a cash buyer
Bridging Loans offer the following benefits:
- All types of property considered
- Borrow for any legal purpose
- No income required
- Adverse credit status acceptable
- Tailored interest repayment methods
Ok, how does it work?
