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http://www.aalf.org/wiki/index.php?title=CastleberryBrame251&action=history Revision history for this page on the wiki en MediaWiki 1.13.3 Tue, 03 Nov 2026 21:54:25 GMT http://www.aalf.org/wiki/index.php?title=CastleberryBrame251&diff=65150&oldid=prev <p>New page: The variations and parallels of a bridging loan and development finance Since the recession most loan providers have tightened their finance underwriting which has made it more difficult...</p> <p><b>New page</b></p><div>The variations and parallels of a bridging loan and development finance<br /> <br /> Since the recession most loan providers have tightened their finance underwriting which has made it more difficult for people to get loans. This has specifically affected people looking to obtain mortgages because a good credit history is once more a necessity and bigger deposits are required. <br /> <br /> The tighter lending demands that are affecting many lenders have led to people failing to obtain the finance that they might need. Some individuals have investigated other options for raising finance rather than putting an end to their plans. On many occasions [http://www.kisbridgingloans.co.uk bridging loans] have been an alternate option, even though it has to be stated not always a prudent option. <br /> <br /> It's very important that you keep in mind that bridging finance options are just intended as a temporary loan facility so must be paid back in 6 to 12 months. Bridging loans can be the most affordable option for raising finance over a short period of time, but they usually have a high month-to-month interest rate leading them to uneconomical if used as a longer term loan option. <br /> <br /> Some other features of bridging finance are that they can be arranged promptly as a result of the more versatile underwriting requirements. It is this advantage that means they are commonly used as a method of finance once approaches through alternative sources didn't work! In addition to being invaluable when cash is needed in a hurry, bridging lenders will make use of a large range of property as security. This can include derelict property, land and buildings in need of restoration. Because of the flexibleness in lending on property in need of work or significant repairs, bridging loans are often used as a method to finance building projects. <br /> <br /> However there are other finance sources than bridging finance which can be taken advantage of for building work. With many parallels development finance deals are likewise a good solution for funding building, renovation and construction works. The main benefits that a development loan will have over bridging is they can be arranged with much longer terms, frequently as much as 3 years, and the money can be released in phases when it is required. This has the primary advantage in that interest isn't actually being charged on money until it is used as the venture begins and expands. <br /> <br /> The firms who offer [http://www.kisbridgingloans.co.uk/development-finance/ development finance] are specialists with regards to building projects so can be very helpful and can arrange finance facilities that will be truly useful to the venture. <br /> <br /> In terms of bridging loans, when the development has been completed the property or house will be sold and the revenues used to settle the development finance. Alternatively the completed property can be refinanced to repay the development funding and made available to the renting sector.</div> Tue, 24 Apr 2012 14:59:40 GMT CastleberryBrame251 http://www.aalf.org/wiki/index.php?title=Talk:CastleberryBrame251