Why You May Need Bridging Finance or a Secondary Lender
As a homeowner, unforeseen circumstances such as changes in design, layout, or rising material costs can create challenges during property transactions or renovations. When traditional lenders are slow or inflexible, bridging finance or secondary lending can provide a fast solution.
Advantages of These Lenders
Personal Service
You’ll benefit from personalized support and direct access to decision-makers who can tailor the loan to your unique needs.
Very Quick Decisions and Lending
Unlike traditional lenders, these options offer fast approvals, often within days, to ensure you get the funds when needed.
Flexibility with Agreed Exit Strategy
Although not always the cheapest, these lenders provide flexible repayment terms with an agreed exit strategy that suits your needs.
When to Consider Bridging Finance or Secondary Lenders:
- Unforeseen Delays or Costs: Bridging finance can step in when unexpected expenses or delays arise, ensuring you stay on track without lengthy interruptions.
- Short-term Cash Flow Problems: If you’re waiting on other funds, a bridging loan can provide quick access to capital to keep your project moving.
- Quick Property Purchase or Investment: When time is of the essence, bridging loans allow you to secure a property deal swiftly while waiting for longer-term financing.
Important Considerations
While Cavass offers access to a variety of lenders in this market, it is important to note that Cavass is not a lender, decision-maker, or influencer in the lending process. Cavass is not registered with the FCA, and borrowers should satisfy themselves fully before committing to any borrowing. Our role is simply to provide access and a wider choice of lenders, ensuring you have options to suit your circumstances.
To explore a range of lenders offering bridging finance and secondary lending, visit our Finance section.