Natwest Bridging Loan Calculator, compare Natwest Bridging Loans Now!
A Natwest bridging loan is a loan secured against property these loans are short-term finance designed to bridge the gap, bridging the gap is a term for getting a loan before another loan becomes available to you or you have some funds coming onto you from another channel, this capital is then used to pay back the bridging loan, the cost of a bridging loan can be worked out with a NatWest bridging loan calculator.
Natwest bridging loans are short-term and would not normally be taken out for more than one year the general idea is that you pay the loan back as soon as possible and replace it with either a cheaper traditional mortgage, which would offer much lower interest rates that are available with a bridging loan or from funds that you have coming in from another source, bridging loans tend to be more expensive finance and are only really used in situations where a borrower needs access to funds quickly, other forms of finance such as mortgages and loans can take many weeks if not months to arrange. With a bridging loan, you could be drawing down your loan in two to three weeks.
Natwest is not the only lender who offer bridging loans there are also lots of non high street banks who also offer this type of finance, they are also far more flexible in their approach and can offer greater loan to value loans and very competitive interest rates, it really does pay to shop around for the best deals, another thing to factor in is that most high street banks do not like to offer bridging finance as they see it as risky and as such you would have to be an existing customer of the bank with a very strong financial record with the bank, the good news is that with the smaller lenders in the market this is not the case and they will lend to anyone who has a suitable property to offer as security for their loan.
1st UK Finance Specialise in sourcing bridging loans so get in touch and we will compare the whole market for you to get you the very best terms for your bridging loan.
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