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Colt | 3 door | 5 door | Cabriolet | Quotes
Please be advised that we are not actual lender yourselves, nor are we brokers and we are not regulated to offer any type of advice on any type of borrowing. All questions need to be directed to the lenders that your enquiry is delivered to. You will receive a 'thank you email from them all when you complete the enquiry form, and they all should contact you pretty quickly, so please direct all bridging loan questions at them.
Bridging loans
Typically, bridging loans are interest only repayment borrowing. You only make interest payments whilst you are in credit. The trick is to pay the full amount off quickly, as there are no early repayment penalties involved, the sooner you clear the full amount the sooner you stop paying interest. Please check with the principals as to rates of interest. You home or any property secured against a bridge is liable for repossession should you default on payments, or not clear the full amount within the agreed time. Only enter into a credit facility if you know you are able to clear the full amount within any agreed time span.
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