HSBC Bridging Loans
The Top Alternative to HSBC for Fast Bridging Loans
At UK Property Finance, we help you get the best terms for any type of bridging loans.
HSBC and other major lenders may have a big presence in the UK. However, we strive to find customers the best terms for bridging loans. Compare our rates to HSBC to discover why more people choose us for short-term financing needs.
Top Factors for Selecting the Right Bridging Loan
Obtaining any type of loan requires careful consideration. You are taking on debt and using assets to secure the loan. If you fail to pay off the debts, you may need to forfeit one or more properties.
At UK Property Finance, we recommend that you consider all of your options before applying for a bridging loan. Some of the main factors to consider when selecting the right option include:
- The total cost of the loan
- The interest rates
- The term length
- Your payment strategy
The total cost of the loan depends on the interest rate, along with the fees and charges. Your loan may require property valuations that you pay for. You may also get charged various fees, including fees for establishing the loan. When comparing loan products, we recommend that you consider the total cost.
The term length and your payment strategy may also impact the total cost of the loan.
Using a Bridging Loan Calculator
You can also learn more about your options by using a bridging loan calculator. The calculator requires you to enter a few essential details, such as the required term, the number of secured properties, and the total property valuation.
You can also use the bridging loan rates table to estimate the monthly interest for your repayments based on the interest rate. For example, with a 1% interest rate on a 100,000 loan, you may pay about 1,000 in interest per month.
We work with the top lenders throughout the UK to find you bridging loan products tailored toward your borrowing circumstances. However, you should take the time to consider the details of the loan. The term length may vary between one and twenty four months, with most loans getting repaid in six to seven months. These details, along with your assets, can determine the interest rate that you are offered.
Allow Us to Help You Find the Perfect Bridging Loan Solution
At UK Property Finance, we can help you find the best bridging loan solution for your specific needs. Start by using our bridging loan calculator to determine some of the details of your loan.
We have worked with individuals and companies to find the best bridging finance solution. Loan sizes start at 10,000, with maximum loans of 25 million. We also offer up to 75% loan to value (LTV) without the need for additional security. We can even work with low income or adverse credit situations.
The bottom line is that finding the perfect loan option requires comparisons. We can take care of that for you. Use our bridging loan calculator, and then contact us to begin searching for the bridging loan with the best rates based on your financial situation.