What is a Bridge MortgageWhat's a bridge mortgage?
As with bridge credits, Bridge To Let product lines are engineered to be much more easily available when it comes to keeping your information up-to-date. Far faster than it would be necessary to set up a conventional mortgage or even make an upfront payment, these are the types of financing solution that react to the needs of today's Bridge To Let shopkeepers.
Regardless of your priority and your present level of finances, we can help you develop a wide range of Bridge To Let solutions for all your needs across the line. To find out more about our service or to talk about Bridge To Let in detail, please contact a member of our service department today.
Precise Mortgages Launches Bridge-to-Lease Solution
The Precise Mortgages Group has introduced a bridge-to-lease solution that allows borrower to convert their bridge to a buy-to-lease solution after four month. Clients can take out a buy-to-lease credit of up to 75 percent of the subsequent appraisal of the real estate. Creditor bridge ratios begin at 0.8 percent and buy-to-lease at 4.39 percent.
A 2 percent processing charge can be deducted from the amount of the credit.
Bridge loan | Bridge financing | Bridge mortgage
Such as when you want to buy a new home before your present home is actually yours, or to allow you to refurbish a home in a hurry before you resell it. An interim credit is a short-term arrangement that takes between 1-24 month. Because of the types of loans they can be costly and it is critical before taking out this kind of financing that you know how you will pay back the loans, for example by selling a real estate or using resources from a mortgage.