Specialising in Bridging Loan Finance For New Home Mortgages and Mortgages For Auction Purchases
Cullen Financial Services Ltd are specialists in North Somerset for organising Bridging Loan Finance for buying a new home and for completing property purchases at auction. We help you make sense of the specialist market of lenders who offer Bridging Loan Finance, and make sure that it’s both the right option for your situation, and that you are getting the best deal available.
Whether you are buying land to complete a self build, are looking to strengthen your purchasing position for your ideal home, or wish to buy a property at Auction, get in touch with us below and we will get you started on the right path to organising your Bridging Loan Finance.
After you’ve decided if Bridging Loan Finance is right for you, we can help advise on the type of Bridging Finance deal that will ensure you get the most out of your loan, and can transition smoothly into a new mortgage.
A mortgages is secured against your home, it could be repossessed if you do not keep up with your payments.
Is Bridging Loan Finance Right For Me?
Bridging Loan Finance is a perfect option for home owners that need to move house before selling their existing home, or for those wishing to secure an auction property. If you have found your perfect house, but have not yet secured a buyer for your own and do not want to delay completion, contact us about organising Bridging Loan Finance for you.
Take the first step
Take your first step toward applying for Bridging Loan Finance
Top Tips For Bridging Loan Finance
- If you are looking to secure Bridging Loan Finance for a self-build, a Development Loan may be a better option, we can help guide you to the exact finance solution to get you the most out of your loan
- Bridging Loan Finance is designed to ‘Bridge the Gap’ between your current mortgage and your new Mortgage post-purchase and is designed only to be a short term boost
- Bridging Loan Finance can allow you to leverage a stronger buying position for a property, where other potential buyers cannot organise finance in time
- Purchases can still fall through, ensure you have a fall-back plan in terms of repayment should this happen
Helping You Decide Between Open and Closed Bridging Loan Finance For Your Mortgage
There are two types of Bridging Loan Finance, a Closed Bridge Loan obligates you to outline exactly what future funds you plan to pay off the loan with, and are usually organised within a set timeframe of a couple of months. An Open Bridge Loan is more flexible, not requiring a set term, and is usually only advisable if a purchase needs to be completed before you can prove your source of repayment funds.
Cullen Financial Services Ltd specialise in advising on both Open and Closed Bridging Finance Loans, if you wish to learn what option is best for you, get in contact below and we will help guide you through the process.
Based in Bruton we proudly serve the whole of Somerset, Bristol and Bath
We know how important it is to get your financial advice from someone close by and easy to contact- that’s why we only serve the local Somerset area. From our base in Weston-Super-Mare, we operate between Taunton and Bristol, and are experienced mortgage advisors for Bridgwater, Glastonbury, Cheddar, Brean, Highbridge, Burnham-on-Sea, Clevedon, Wells, Nailsea, Backwell, Worle, Yatton and Congresbury.
With both our local knowledge of the housing market in North Somerset, and our huge amount of experience in finding you the best mortgage for your requirements, Cullen Financial Services Ltd make the process of buying a new property or remortgaging an existing one simple.