- Lowest number of Mortgage Approvals since records began.
- In a breaking report from the Bank of England only 64,000 mortgages were approved last month.
- Tue 29th Apr 2008
- Are the Banks getting greedy?
- In a test case in the High Court today, 8 UK Banks may be deemed to have be charging their customers unfairly.
- Thu 24th Apr 2008
- Comparison websites under the hot spotlight.
- The centre for competition policy has produced a report saying independent checks need to be made of comparison websites.
- Sat 12th Apr 2008
Mortgage bridging loans
- Trumpo mortgage bridging loan advice is free and is provided by FSA regulated financial advisers
- Our trusted advisers will quickly help you find the lowest mortgage bridging loan rates
If you need to raise money quickly with no questions asked and you have the security of a property to put up as collateral you can get a bridging loan. A number of banks and finance houses will lend you money at a fixed monthly rate and for a fixed fee normally within a matter of days as opposed to weeks.
This type of borrowing isn't cheap, but it serves as a very popular and often much needed efficient financial bridge to enable a financial transaction to be completed.
The main uses of bridging loans are for property transactions when a chain is broken or for a property purchased at auction.
One more popular use of late has been to pay off tax or vat because bridging loans can be secured against domestic and residential property and can be funded quickly.
Bridging loans are not regulated by the financial services authority so take care of who you deal with. At trumpo you can rest assured that we will only introduce you to a FSA registered bridging loan expert who should be able to get you the bridging loan and then arrange a normal mortgage if required.
