Do you need an urgent loan or mortgage to allow you to purchase a property quickly, fund refurbishment work or for any other legal purpose?
With only 29 days to go until Christmas, most lenders and solicitors will be winding down their workloads, making this time of year very difficult for customers with new applications for urgent loans or mortgages that they need to complete within just a few weeks.
Our Mortgage Brokers can access more than the typical high street mortgage lenders who tend to take anywhere between 6 weeks to 3 months to complete a remortgage or new mortgage. As a whole of market brokerage, we can independently search the entire market of approximately 250 lenders to find you the best deal, taking into account specialist finance options such as second charge mortgages or bridging loans.
Due to our knowledge of the marketplace and experience dealing with a wide range of mortgage lenders and bridging lenders, it ensures that we don’t waste anytime when it comes to arranging a bridging loan or second charge mortgage for you. Usually within just 24 hours, we will have found the best lending solution for you and will present the options available in a simple illustration, so that you have all the information upfront before proceeding any further.
When you’re happy we will then take you through the lender’s full application form and collect all the information required to support your application. This usually includes your ID, a copy of your credit report and your last 3 month’s bank statements so that we can assess that you will be able to afford to keep up with the loan repayments.
For bridging loans you don’t need to make any monthly repayments, you can simply choose to roll-up the interest and pay it all on redemption (when you repay the full loan), this is commonly the case when you will be using the sale of the property to repay the loan or you will be refinancing the property onto a long-term mortgage.
For more information on how we can help you secure an urgent loan or mortgage, call our team of Mortgage Brokers on 01702 538 800 or arrange a call back.
