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When it comes to securing a residential property in Essex, bridging loans and bridging finance offer a quick and flexible solution. At Advocate Finance, we have honed our expertise in regulated bridging loans, a niche but crucial segment of the mortgage industry. If you’re in Essex and considering a short-term loan to facilitate your property purchase, you’re in the right place.
Whether you’re eyeing a quaint cottage in the Essex countryside or a modern flat in Chelmsford, bridging loans can be the financial tool you need. These loans are versatile, covering a wide range of residential property types. From single-family homes to multi-unit residences, bridging finance in Essex offers a solution for nearly every property-related need
If you’re in Essex and find yourself in a situation where you need to secure a new property before selling your existing one, then bridging finance could be the ideal solution. It’s also a great option for those looking to downsize, purchase at auction, or even secure their dream retirement home in Essex.
In the Essex property market, chain-break finance can be a lifesaver. Also known as bridging loans, this financial product can help keep property transactions on track when a sale chain breaks, a common issue that can jeopardise multiple deals.
In the fast-paced Essex property market, time is of the essence. That’s why our bridging loan lenders in Essex are committed to quick service levels, with credit decisions often made within just 4 hours.
We provide a free, bespoke illustration to clarify all fees and charges involved in bridging finance.
Our advisers are not only experts in bridging loans but also in the specifics of the Essex property market. We offer a free initial assessment and have a no upfront fee policy, making your property purchase in Essex as smooth as possible.
A regulated bridging loan is specifically designed for securing residential properties that you intend to live in. The market for these loans is smaller than that of standard bridging loans, making it important to work with a firm that is well-versed in this niche sector.
Our bridging loan lenders in Essex can often provide credit decisions within just 4 hours. This speed enables you to move as quickly as a cash buyer in the fast-paced Essex property market.
The lender’s arrangement fee is usually between 1.75% and 2.00% of the loan amount. Valuation fees vary depending on the property value, and you’ll also need to account for solicitor’s fees for both the buyer and the lender.
Bridging loans are versatile and can be used to finance a wide range of residential properties in Essex, from single-family homes to multi-unit buildings.
Yes, bridging loans will affect your credit file in the same manner as other loans. However, as there are no monthly payments required from you, the lender makes the payments, which will show on your report as paid each month and should not negatively impact your credit report.
Advocate Finance
Office 5, Aster House
Lanswoodpark Business Centre
Elmstead Market
Colchester
Essex CO7 7FD
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Important Information
ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
We are a credit broker not a lender.
Advocate Finance Ltd, registered at 55 Crown Street Brentwood, Essex CM14 4BD. Company Register number is 05579380. Authorised and Regulated by the Financial Conduct Authority. Our FCA registration number is 592830.
You can check via www.fca.org
We are registered with the ICO, Z1654205 and you can check via www.ico.org.uk.
We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority. We source mortgages and loans from a panel of lenders.
We may receive a commission that will vary depending on the lender, product, the amount borrowed or other permissible factors.
Advocate Finance is a mortgage and finance brokerage firm that specializes in securing loans and mortgages for various types of properties, including single properties, large portfolios, commercial sites, and development projects. They assist clients regardless of credit history, circumstances, or legal ownership, aiming to provide tailored financing solutions