Green Today

Today's Headlines:

National Awards celebrate the benefits of ICT
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Forty two finalist organisations gathered last night at the National eWell-Being Awards 2010 at a ceremony

Heathrow runway opponents win court fight
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By Mike Jones Campaigners protesting against a third runway at Heathrow Airport have won a major High

Major investment in UK offshore wind sector
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By Mike Jones General Electric (GE) plans to invest 110million euros in the UK offshore wind sector

£30m boost for low carbon transport
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By Mike Jones Low carbon buses and fuel generated from everyday waste are at the centre of

Government continues climate campaign despite criticism
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By Mike Jones The Government is to continue its current campaign on climate change, despite having two

UK offshore wind towers above rest
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By Mike Jones The offshore wind supply chain received a double boost after Energy and Climate Change

Now families face £1k fine for using wrong bin
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By Mike Jones Householders could be fined up to £1000 if they throw waste into the wrong

Nissan's Sunderland factory to become Europe's biggest electric car plant
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By Mike Jones Nissan's Sunderland factory is to build its new electric Leaf car. It is part of

Should junk mail be made illegal?
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By Mike Jones Agreement between Royal Mail and the Communication Workers Union in the long-running postal dispute

Health to be at centre of climate change fight
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The danger and cost of climate change to the health of Europeans is the focus of

A bridging loan can be used for a variety of reasons, the most common being where somebody has pulled out of a sale at the last minute and the vendor still needs to complete on his/her new purchase but needs short term finance quickly as the sale of their own property did not go ahead as planned. 

 

There has been an increase for bridging finance where a property is purchased at auction & the sale is required to be completed within a strict 14 or 28 day period, bridging is the ideal solution here. 

There are many other reasons where bridging finance is suitable, please refer to our website www.bridgingloans.com for further details.  The main purpose of utilising bridging finance is for "Speed".

There are no initial enquiry costs; the commitment fee is 1% of the completed loan amount which is deducted on completion and payable to the introducer.  Other typical fees include valuation & legal fees. 

Yes, most definitely, some clients fall into an unfortunate position of accruing arrears, bridging finance caters for this category of borrowers.  Some long term lenders may wish to see a clean credit history for a period of 3-6 months, in which case bridging finance can be ideal, once the satisfactory repayment history has been maintained, the longer term lender is able to re-consider their initial offering. 

Typically monies can be released within 5-7 working days, this depends on how quickly all relevant information is supplied to us and how speedily the clients legal’s act.  It is very important the client selects a legal firm which is familiar with bridging finance, as any delays tend to be associated with the client legal’s.