How to find the best bridging loans in Hampshire

best bridging loans in Hampshire
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    The property market is often competitive, and when you find a true gem, you’ll no doubt want to snatch it up before someone else does. Securing the funds for your dream property investment can prove tricky, especially on such short timeframes.

    However, with the help of a bridging loan, you’ll have the fast and flexible funding required to purchase your new property with ease. But how do you find the best bridging finance deals in Hampshire?

    When looking for a bridging loan in Hampshire, a bridging loan broker can prove to be a helpful companion. Their extensive industry knowledge allows them to provide exceptional advice, and their vast network of lenders ensures they can secure you the best deal on the market.

    At One, we have utilised our knowledge and expertise from many years of property experience to create this in-depth blog aimed at helping you find the best bridging loan providers in Hampshire. Keep reading for more bridging loan information, or get in touch today for advice.

    Is it easy to get bridging finance in Hampshire?

    Getting bridging finance in Hampshire is relatively straightforward, provided you meet the specific lender criteria and have all the relevant documentation. Finding the best deal, on the other hand, can be slightly more complex if you don’t know where to look.

    Fortunately, our bridging loan brokers are experts in helping clients in Hampshire find the best bridging loans for their unique circumstances. We help individuals and businesses secure bridging finance with the loan amount they are looking for at the most affordable interest rates. With support from the team at One throughout the process, you’ll have your bridge loan secured in good time.

    What are the different types of bridging loans available?

    Bridging loans come in many different forms to cater to the borrower’s individual needs. Ultimately, they are a type of secured loan that is held against the property you intend to purchase or renovate. Understanding the nuances of each type of bridging loan is essential for finding the best finance option for you, and our experienced brokers at One can help you do just that.

    Two common types of loans you will see when assessing your options may include:

    1) Open bridging loans: an open bridge loan is a short-term finance solution with a more flexible repayment strategy, usually ranging from a few weeks up to a year or more. Essentially, these loans don’t have a specific exit strategy in place. They can be helpful if you are unsure how long it will take to sell your current property or secure long-term finance.

    2) Closed bridging loans: a closed bridge loan has a clear repayment date in place. These loans are usually much shorter and are used for specific property transactions. You may use a closed bridging loan if you already know when you will have alternative financing in place.

    Where can I get a bridging loan in Hampshire?

    Finding the best bridging loan in Hampshire means you’ll need to do your research. Take a look at the various bridging lenders in your area, compare monthly interest payments or speak to a specialist.

    Using a bridging loan broker

    You can find the best bridging loan much faster when working with a reputable broker.

    Their industry knowledge, a vast network of lenders, and extensive experience all contribute to securing a good deal quickly and efficiently. If you are looking for a bridging loan broker in Hampshire, our team will be more than happy to help!

    Read more: Reasons you should work with a bridging loan broker

    Visit your local banks

    Don’t forget, your local high street banks offer bridging loans, too. Visiting your local bank might be a good place to start if you’re unsure where to look. It takes away the overload of information online, and you (should) already trust your local bank.

    Of course, going directly to your bank doesn’t guarantee you the best deal, and many high street banks will only offer bridging finance through a broker.

    Searching online for lenders

    You can also search for bridging loans online. A quick Google search can pull up a number of results for online lenders, which is exactly what you need when comparing the best deals, services and requirements.

    Taking time to read through the various lenders’ websites and comparing their offerings is essential if you really want to find the most suitable loan.

    Researching and speaking to bridging loan lenders yourself

    Going directly to the source and speaking to bridging loan lenders yourself is also an option if you want to ask specific questions and learn more about different lenders. This can help you negotiate better loan terms and understand the loan market better.

    Although, if you want to save time and effort, then a broker will still be able to do these things on your behalf.

    So, while there’s plenty of information out there, it will take time to cypher through the vast amounts of content and understand the technical jargon that comes with bridging loan research. This is why, at One, we do what we do. We aim to act as a ‘one-stop-shop’ for all things bridging finance.

    Get in touch with One today

    When it comes to securing the perfect bridging loan in Hampshire, the team at One have access to the right finance options that can make all the difference. With over 100 years of property experience and a vast network of lenders, we can support you in every step of the finance process and guide you to the best deals in the market.

    So, if you are a residential or commercial property investor looking to make your next purchase in Hampshire, then contact us today for expert advice.

    Frequently asked questions about getting a bridging loan in Hampshire

    For more information on how to find the best bridging loans in Hampshire, take a look at some of our most frequently asked questions below:

    Picture of Mark Piper
    Mark Piper

    Mark is the senior advisor at One Commercial Loans and has a wealth of experience in bridging and property finance.

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