Our Services 1
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We bring deep and specialized knowledge in these fields, but what truly sets us apart is our holistic perspective. We understand that true value lies in capturing synergies and connections across boundaries, bridging the gaps between different parts of an organization.By optimizing the collective impact of all components.
Speed
Faster processing times enable you to satisfy strict purchase deadlines for example auction purchases.
Flexibility
Bridging loans often have a more flexible property criteria, thus covering properties unsuitable for conventional mortgages.
Less Income Proof
Easier to qualify as many lenders concentrate more on the value of the property than on your income.
- Many auction purchases in the UK require full payment within 28 days
- The property being purchased might not meet the property requirements of mainstream mortgage lenders
- Obtaining finance for a short period to carry out the works before remortgaging to a mainstream lender might help in enabling you to purchase a property at a lower price than you might otherwise been able to
- A Bridging loan can allow you to make the purchase of the property you have found as it is designed to provide "Fast Funding"
- The Sale of your existing property can be used to repay the bridge loan once the sale has completed
- This can help you to avoid jeoparding the purchase of your ideal house whilst avoiding the sale of your property at a lower price due to the pressure associated with the completion of your onward purchase.
- Bridging loans in such situations can be incredibly useful in enabling the purchase of a (potentially bargain) property which might be at a lower proce than if it was in a condition to meet the property criteria for mainstream lenders.
- Sourcing a lender that will consider the property in its current state will allow you to make the purchase
- Once you have bought the property through a bridge loan, you can carry out the works to get the property in the right state for it to considered by a conventional mortgage lender, thus making it more appealing to prospective buyers who want to make the purchase through a mainstreram lender.
- With the works being completed and the property now meeting the requirements of mainstream lenders, a remortgage to a mainstream lender can now take place.
- Due to the property meeting the security requirements for a greater pool of lenders, if your goal is to sell the property then it might now be able to command a higher price than what you purchased it for.
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What Our Customers Say?
More than 99% customer satisfaction is our success.
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basic plan
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advance plan / best
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premium plan
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Clients Trust Herrington.
From an early stage start-up’s growth strategies to helping existing businesses, we have done it all! The results speak for themselves. Our services work.
Let’s Collaborate with Us!
From an early stage start-up’s growth strategies to helping existing businesses, we have done it all! The results speak for themselves. Our services work.
