Bridging Finance
Short-term finance option
Bridging finance is a short-term loan secured on a property or land until longer-term finance is achieved. Do you require short-term finance to bridge the gap between buying and selling a property or perhaps you need to purchase a property and refurbish it?
A bridging loan can relieve the pressure, we are here to help find the right short-term loan as quickly as possible.
Secured Loans and second charges
A secured loan/second charge is a loan secured on a property, this can be used to consolidate debts, home improvements or refurbishments.
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Please note, some bridging finance is not regulated by the Financial Conduct Authority. Folan Brookes is a credit broker not a lender.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Our fees
The fee for arranging a mortgage is £500 but the cost for our initial meeting is met by us.
Our fee is split into 2 payments, £200 on submission of an application and £300 payable once a mortgage offer has been issued.
Under certain circumstances, we reserve the right to charge up to 1% of the loan amount, typically this will be £500. We will provide you with written confirmation of your fee prior to the commencement of any chargeable activity.