- The think tank Policy Exchange has been on the magic mushrooms.
- They have come out with a corker this morning stating that interest rates could be raising to 8% by 2012.
- Mon 23rd Aug 2010
- Over 1.2 million people take out pay day loans at an average 2689% APR.
- These are genuine loans and should not be mistaken for dodgy deals provided by loan sharks.
- Mon 16th Aug 2010
- Mortgage rates keep getting better and better.
- HSBC have today announced a market leading tracker mortgage at 1.69% + base for life.
- Tue 3rd Aug 2010
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.
