How Quickly Can I Get A Bridging Loan?

How Quickly Can I Get A Bridging Loan?
Share

1 Answer

  1. A bridging loans is a type of fast, short-term secured borrowing which allows a buyer to move quickly when they need to. You can get these loans real quick as they are meant for immediate and fast financing. Typically it takes 2 to 6 weeks to get any kind of loan while these have flexible loan terms, from as short as one month, or up to a year for a home or even up to 3 years on commercial / investment properties. How quickly you get this loan would depend on what to wish to do with it. Buying a residential property for your own use is a “regulated” transaction. The typical completion time of a regulated bridging loan can range from 4 to 6 weeks. If the property purchase is for investment purposes, then completion can be much quicker than this. In some circumstances it can be as quick as 3 to 5 days.

    • 0

Leave an answer

You must login to add an answer.