100 percent bridging finance is achievable, isn’t it?
We often get asked if there are ever circumstances in which 100 percent bridging finance can be obtained to fund a property purchase?
The answer is:
In situations where the purchase price is significantly below the market value, then yes it could potentially be obtained. This usually happens when the vendor needs to sell a property quickly and a discounted purchase price has been negotiated. Though lending, in this case, is more often considered against the purchase price rather than the market value, there are some who are also comfortable lending against the latter!
For more information on these and many more questions get in touch on 01775 713777 or ask a question at here