Tesco Bridging Loan Calculator

Commercial and business banking services are, however, off-limits at Tesco Bank. As a result, Tesco Bank’s bridging loans don’t currently exist. Personal loans are available from £7,500 to £25,000, along with mortgages with no specific upper limit. Nevertheless, with inevitable delays and complex application processes, certain borrowing requirements simply aren’t met by Tesco Bank.

When to apply for a bridging loan

A bridging loan is an affordable, accessible, and flexible alternative to a conventional mortgage. If you’re planning to buy a home with all the time in the world, a Tesco Bank mortgage could be right up your street. But what if you’re offered an unmissable deal on the property of your dreams, which is only available for the next two weeks? What if your dream home goes under the hammer at auction, but you haven’t yet closed the sale on your existing property?

In both instances, a bridging loan could ensure you don’t miss out. Secured on the applicant’s existing property, a bridging loan provides quick and convenient access to sums of cash ranging from £25,000 to £25,000,000. Designed to be repaid within a matter of months, the loan is typically paid back when the borrower’s current property sells. Best of all, bridging loans often come with unbeatable interest rates and rock-bottom borrowing costs. So if you need to get your hands on a decent sum of cash in a hurry, that’s the perfect time to apply for a bridging loan.

Qualifying for a bridging loan

In terms of qualification, there’s really only one thing that matters. That being, your ability to provide enough collateral to cover the cost of the loan Bridging loans are secured loans offered in accordance with the value of the borrower’s property. This in turn simplifies the bridging loan application process and often eliminates credit checks from the equation.

We provide Tesco comparison calculators to see what type of product works best for you and to provide more competitive lending rates than Tesco.

• Tesco Bridging Loan
• Tesco Mortgage
• Tesco Secured Loans
• Tesco Remortgage
• Tesco Equity Release

So rather than letting the deal of a lifetime slip you by, why not consider an affordable bridging loan? Whether you’re ready to go ahead or simply consider the options available, the team at UK Property Finance is standing by to take your call!

Since most bridging loan lenders do not deal directly with the public, you will typically need to go via a loan broker in order to obtain a bridge loan. The majority of high street banks handle bridge loans through distinct companies that are only available through brokers.

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