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Bridging loans over a million pounds
If you go to a High street lender looking for a secured loan over one million pounds, they, invariable will not be able to help, but we offer you a mortgage instead. This is because they are constrained by banking law, not to lend over a certain amount as a short or medium term loan and have to set iy up as a million pound mortgage which is usually repayable over twenty to twenty five which may not be to your liking.
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We can help you source medium to short term secured finance for a million pounds and over. We work directly in partnership with the leading independent short term finance principle lenders in the UK today and can arrange your advance to the value of not just one million, but up to three million pounds in the shape of bridging loans.
Million pound bridging loans
Bridging loans work in an entirely different way than conventional secured loans. Rather than having the interest calculated up front and added the loan amount, you only pat interest on a bridging loan until you need to pay off the whole loan amount in full. So for instance if you borrow one million pounds as a bridging loan and repay within the first thirty day, you will only pay one months interest, which if we calculated at the standard rate of 1.75% is just £17,500
to borrow a million pounds. Unlike conventional secured loans, there is no early repayment penalty, so once you clear the full amount, it is gone, no comeback no you.
Million loans
If you would like to enquire further about a medium or short term secured bridging loan of finance, then simply complete our quick contact form and a principle lender, not a broker, so you will be dealing, more often than not with the actual Managing Director of the leading independent short term loan providers in the UK. There will also be not set up fees of brokers fees.
Complete our quick enquiry form to make contact with them. Alternatively you can contact our call centre and one of our delightful telephone operatives will direct your call to the appropriate department.
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