Shawbrook Bridging Loans vs Unconventional Bridging Lenders

04 Jun 2020

Shawbrook Bridging Loans vs Unconventional Bridging Lenders

Revolution Brokers are not your average Commercial and Residential Finance Brokers; we are not confined to a restricted number of products and work on your behalf to achieve the best possible deals for your business.

 

Fast bridging finance from Revolution Brokers

Bridging loans need to be fast, simple and streamlined! We provide high value bridging loans with competitive rates and terms, to help our clients span their funding requirements in the most cost-effective way.

Revolution consultants work with you to understand what type of lending is best suited to your borrowing needs, how we can minimise the extent of borrowing taken out, and how to make that lending work for you.

 

Assessing your bridging finance needs

Each requirement is individual, so Revolution Brokers will consult with you to help assess what sort of funding you need. Working with a professional helps to ensure that you never borrow more than your requirements, or end up paying fees and interests charges unnecessarily.

Many clients will add a small contingency to their application to cover any unforeseen circumstances, and we are here to help you make an educated calculation!

 

Securing bridging lending

Security is the collateral that you offer against your borrowing, and the higher the protection, the less risky the loan, and the more favourable terms a lender can extend.

What sort of security you might offer, and at what value, is unique to you. Revolution consultants will help you to establish what types of security might be suitable, and to ensure that you do not stake more assets against your borrowing than you need to. 

 

Bridging finance repayment terms

How long you need your lending for will depend on your circumstances and what purpose your bridging finance will service. A shorter loan term will help secure more cost-effective interest rates since the lender will receive back their funding faster.

You might find that a longer repayment period is more beneficial to help balance your cash flow, but we will make sure that you understand all the costs involved to be able to compare each option!

 

Reducing bridging loan fees

One of the most common stumbling blocks with bridging finance is the unexpected costs - known as 'stealth charges'.

There are many lenders on the market offering excellent terms, but who will also charge things like:

Arrangement fees
Administrative fees
Exit fees
Account closure fees
Repayment penalties
 

Working with Revolution affords you full transparency over your lending to keep control of the costs and knowing every fee involved before you make any decisions.

Check out our Bridging Loan Calculator to get an idea of how much you can borrow!

 

Comparing bridging lenders

As an independent expert finance broker, Revolution consultants have access to the whole of the lending market. We are not restricted to any lenders or any types of lending, and so provide tailored support to offer you the best deals available anywhere.

Contact us now to discuss your personal options, Revolution Finance Brokers specialise in commercial and residential finance in Essex, Kent, London and Hertfordshire.

Using our years of experience in the world of lending, Revolution Finance Brokers search the market for the very best offers and create structured lending to help you borrow with confidence that you are securing the ultimate in cost-efficiency.

For help and advice with your bridging loan requirements, give us a ring on 0330 304 3040 or drop us a message on info@revolutionbrokers.co.uk and we will get to work!

 

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Author

Almas Uddin

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The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.