As with any bridge, it is vital to spot the exit and know how your client will get there. All lenders will want to see a viable ‘exit’ strategy before they offer a bridging loan.
This guide tackles regulation of Bridging loans, how to secure this type of finance, the pros and cons of borrowing cash in this way and what happens if the borrower fails to make payments.
Contributors to this guide are Rob Jupp, incoming chairman of the Association of Bridging Professionals; Alan Margolis, head of bridging at United Trust Bank; Mark Posniak, head of sales and marketing for Dragonfly Property Finance; Ray Cohen, of compliance consultants Jackson Cohen; and Danny Waters, chief executive of Enterprise Finance.
This guide is produced in association with the Association of Bridging Professionals. For more information, click here.