Get competitive rates on bridging loans from Positive Finance

If you are in need of short-term financial support, you may be inclined to seek out a bridging loan.

Doing so can provide you with the capital you require to meet a range of targets, whether it's funding a major purchase or stopping your home from being repossessed.

This is where Positive Finance can help. As we are one of the country's leading bridging loan providers, we are in the ideal place to offer you extremely competitive rates.

Is a bridging loan suitable for me?

There are times in life when we just need some extra money to tide us over, whether you need a quick loan in order to buy your dream home or you've been landed with a larger than expected bill, this type of product can be helpful.

We provide credit for both personal and commercial use, so no matter what your reason for seeking out a bridging loan we should be able to help – you can use your money for almost any purpose when you come to us.

You can borrow from as little at £10,000 and we are committed to providing you with the most competitive rates possible.

As we are a principle lending company, borrowing from us means you will not be charged any broker fees and we also offer a flexible system of repaying your loan.

Our loans can be paid back anywhere between one and 12 months, however as it is you – not us – who decides the length of the term, you will find we are extremely flexible. You can even take a 'payment holiday' or opt to defer interest if you wish.

And by coming to us, you can be confident that your bridging loan will be tailored to match your individual requirements.

Bridging loans are a short-term finance deal so it is imperative you get a quick decision on your application. Any unnecessary delays could mean that the dream house you had your eye on buying is no longer on the market or that the interest charged on your pre-existing debts surges even further.

For this reason, we look to provide you with an immediate decision on whether we can provide you with a loan. Upon receiving your application, one of our specialists will get back to you within 24 hours to let you know whether or not you have been successful and if so your finance deal will normally be completed in the space of five working days.

We look at each application independently and – with the exception of those who are currently bankrupt – we can accommodate nearly every circumstance.

Contact Positive Finance today to get a great deal on a bridging loan

If you need to obtain a bridging loan, make Positive Finance your first port of call.

Over the years we have provided competitively-priced finance deals to both individuals and businesses, so whatever your reasons for applying for this kind of loan we can offer you a fast decision, as well as an efficient, friendly service.

However, don't just take our word for it. Read the testimonials page of our site to find out how we have helped some of our previous customers.

You can also read the latest financial news and if you want to get an idea about how much a bridging loan may cost, use our online calculator tool – which can show you how much your monthly payments could be once you have obtained a mortgage.

Should you decide this product is right for you, why not apply for a bridging loan online? You can also do so over the phone – just ring us on 0161 790 8114.

If you want some bridging loan advice before applying, feel free to call. Our team are happy to answer any questions you may have.

Finance articles

Is a bridging loan right for budding entrepreneurs?

Raising the money you need to start a business can be hard, however, there are alternatives to bank loans. Among them are bridging loans, peer-to-peer lending and borrowing money from friends and family, meaning you need to do plenty of research.

Important questions to ask bridging loan companies

Before taking out a bridging loan, you must understand a number of key points. These include the rate of interest you will be charged, the length of time you have to repay the loan and whether there are any arrangement fees that apply.

Why bridging loans are only suitable for short-term funding

You should only consider bridging finance if your funding needs are temporary. This is because the high rates of interest make bridging finance unsuitable as a long-term solution, so if you have long-term needs, you should look at other options.

Banks vs. specialist lenders – which bridging loans are best?

Both banks and specialist bridging loan companies can provide the bridging finance you need, meaning you need to compare products from a range of providers. You need to look at factors such as interest rates and arrangement fees.

Can bridging loans work for those who only need small amounts?

Some bridging loan companies will lend up to £5 million if you have sufficient equity in your home, however, what if your borrowing needs are more modest? If you need a sum of £10,000, bridging loans can still be an option.

A guide to commercial bridging loans

Bridging loans can be taken out by both businesses and consumers, so if your firm has short-term funding needs, bridging finance is an option you may wish to consider. Bridging finance can be used for any purpose and are usually repaid within a year.

How bridging loans can help you avoid repossession

The prospect of repossession can be a very distressing feeling and you may feel that you have no options left. Bridging loans, however, can help you when you need it most. These short-term loans can stave off repossession and help you keep your home.

How bridging loans can help buy-to-let investors

If you are keen to take advantage of the buy-to-let boom, bridging finance can help you obtain a property. They are more flexible than buy-to-let mortgages and easier to obtain, so why not find out more by contacting a bridging loan provider?

Why take out a bridging loan rather than a bank loan?

Bridging loans have many advantages over bank loans and it is important that you explore these when weighing up the two options. While bank loans have lower interest rates, they are usually less flexible than bridging loans and slower to process.

A guide to some of the different financial options for property purchases

There are some real bargains to be had at property auctions and bridging loans can help you secure one. Provided you have a home that can be used as security, your chances of obtaining bridging finance are strong.

What are the processes for paying back a bridging loan?

If you take out a bridging loan, it is important to have an exit strategy, otherwise you could lose your home if you fail to repay the funds as agreed. There are various ways you can repay the loan, including using the proceeds from a property sale.

What finance options are there for buying properties at auction?

If you want to secure one of the many great deals that can be had at property auctions, you need to think about how you will fund your purchase. One option is bridging finance, which has several benefits, including less stringent lending criteria.

Applying for bridging loans – brokers vs. applying directly

When applying for a bridging loan, you must decide whether to do it yourself or go through a broker. There are advantages associated with both options, however, the case for doing the work yourself is strong.

What processes will a bridging loan company take you through?

Applying for a bridging loan is fairly simple, however, to be absolutely sure you have completed it properly, you could ask a bridging loan company to help you. This will help ensure the information is accurate and boost your chances of success.

Will a poor credit rating affect your bridging loan application?

Your bank may have refused you a loan as a result of your poor credit history, however, a bridging loan company will do no such thing provided you meet other criteria, so you should not assume that you have no options when it comes to borrowing.

What makes people opt for bridging loans?

If you need a large amount of money quickly, there are few better options than bridging loans. There are many reasons why people use bridging loans, including more flexible lending criteria and the ability to spend the money on whatever you please.

Three top tips for a smooth bridging loan application process

If you are honest with the information you provide to bridging loan companies and give them everything they ask for, the whole application process should be concluded swiftly. Preparing your application thoroughly will pay dividends in the long run.

Why do people opt for auction bridging finance?

You can secure some attractive properties at auctions and a lack of cash does not have to stop you from acquiring one. Bridging finance is often used to buy houses at auctions, so if you have found a bargain, a bridging loan could help you buy it.

Can bridging loans help with overseas property purchases?

Bridging loans can be used to purchase foreign property as well as homes in the UK, so if you have found a Spanish villa that would make the perfect holiday home, why not submit a bridging loan application to raise the necessary funds quickly?

Will the wider economy affect your chances of getting bridging loans in 2012?

The next 12 months look set to be a testing time for the global economy and this could impact on your ability to obtain a bridging loan. Speaking with an adviser about the best way forward could benefit you and improve your chances of success.

What are the implications of using a bridging loan in the current economic climate?

A bridging loan can be a good solution to short-term funding problems, however, in the current economic climate, it is important to think carefully before taking one out. Speaking to an adviser may help you make the right decision.

Five things you should know about bridging loans

Before taking out a bridging loan, there are some important points you need to know and take into consideration. Bridging loans have many benefits but may not be the best solution for everyone, so it is important you understand what they are about.

Is it better to opt for open or closed bridging loans?

There are two main options when it comes to bridging loans – open and closed – and it is important that you understand the differences between them. Each has its own pros and cons, so speaking to an adviser may help you to make an informed decision.

Criteria you should look for in bridging loan companies

If you are hoping to obtain bridging finance your thoughts could well be preoccupied with what you intend to do with the money. However, instead of rushing out and applying for credit with the first lender you come across, it is important to seek out bridging loan companies with care.

Bridging loans can be a good short-term option for companies

Whether you own a small business or are in charge of a much larger organisation, bridging loans can be an effective financial resource to call upon. By taking out this kind of credit arrangement, your company can access the short-term cash required to meet a range of goals.

Why have bridging loans recently increased in popularity?

Bridging loans have several benefits that a growing number of people are keen to take advantage of, particularly in terms of property transactions. So, just why is this form of finance increasing in popularity in the UK?

Use bridging loans to purchase properties at auction

Attending an auction can prove a fantastic way for you to purchase properties for significantly less than market value. However, if you have successfully bid on a development, it is vital that you consider how you will actually buy it and this is where bridging finance can come in handy.

Bridging loans offer access to money quickly

If you find yourself in a position where you need to access money quickly, it is worth considering the benefits that are on hand with bridging loans. As such products are specifically designed for those who require funds urgently, they can prove to offer a timely cash boost.

Bridging loans – the truth behind the common misconceptions

For many people, bridging loans have been an effective way of getting the money they need quickly. However, there remain several misconceptions about them so if you're unsure whether a bridging loan is for you, it's a good idea to ignore these mistruths and make sure you find out the facts.

How a business can use a bridging loan

Applying for a bridging loan offers businesses an effective way of borrowing money quickly. These loans are designed to be a flexible financial product and so companies of all sizes and across a wide range of industries may find that they provide the cash boost required to meet a number of goals.

Bridging loan – a flexible financial choice

Bridging loans are not just a quick way for you to borrow money, but are also highly flexible. Whatever your financial needs are, they may prove to be a product that you wish to consider.

What are the costs involved in taking out a bridging loan?

Taking out a bridging loan can be a great way for you to raise the cash needed to meet a range of financial goals; however, it is a good idea to first be aware of the costs that are attached to such products.

Typical characteristics of a bridging loan

Bridging loans can prove an effective way to borrow, especially at times when you need to get money quickly. However, before you apply for one, it is worth first bearing in mind the product's characteristics.

Factors to think about before applying for a bridging loan

A bridging loan can offer a useful way of raising the money needed to buy property – as well as achieve a range of other goals – however, that you lend some consideration to the product before applying one.

How bridging loans can help to purchase buy-to-let homes

Renting out properties that you own to other people can provide you with a significant source of income. But whether you're looking to acquire your first buy-to-let home or have been in the market for some time and are keen to expand your portfolio, a bridging loan can be a useful product to realise your ambitions.

Use bridging loans to increase the market value of your home

For an effective way of raising funds with which to pay for property renovation, a bridging loan could prove an ideal solution.

Bridging loans for land purchases

Bridging loans can be an excellent way of securing additional funding, with borrowers able to access cash both swiftly and efficiently using such an arrangement.

The difference between closed and open bridging loans

If you encounter problems during the property buying process and are looking for a quick financial boost, a bridging loan could be the answer. Depending on your circumstances, however, you will need to take out either an open or closed loan.

Using bridging loans to buy residential property

Bridging loans can be a very effective financial product with which to meet a wide range of goals; however, they are most often used to purchase property, largely due to the fact they can be applied for and taken out at relatively short notice.

A guide to auction bridging loans

Visit a property auction and you can purchase real estate for significantly less than its open-market value.

So you've qualified for a bridging loan: What happens next?

You have weighed up your options, discussed the type of borrowing that best suits your circumstances, had your bridging loan questions answered and applied for finance – what happens next?

Understanding the different types of bridging loans available

You may find that a bridging loan is an incredibly effective financial tool to use. However, before putting in a request for such a short notice borrowing product, it is a good idea to have a grasp of the different kinds of loans that are available.

What can I use a bridging loan for and when might I need one?

If you need to borrow money quickly, a bridging loan can prove to be incredibly useful. By taking out this flexible financial product, you may find that you'll be able to meet a wide range of goals.

Differences between commercial and personal bridging loans

Bridging loans can prove to be an extremely flexible and useful financial tool and can be put to equally good effect if you're searching for funding in order to meet either individual aspirations or those of your business.

Top tips for choosing a bridging loan

If you need to access money quickly, you may want to consider the benefits that are on hand with taking out a bridging loan.

Bridging loans explained

We all experience a shortage of cash from time to time, whether it is due to unexpected circumstances or you simply need to fund a large purchase. If you are in this situation, you may be considering taking out a bridging loan – but what exactly does this entail?

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Get competitive rates on bridging loans from Positive Finance

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