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Bridging loans from Positive Finance are useful for a whole range of purposes

If you need to obtain a loan at short notice, you may be inclined to consider the benefits of bridging credit.

By taking out a bridging loan you can have access to several thousand pounds quickly, making them effective tools if you need financial assistance in order to buy a home.

And while these kinds of loan are often used to purchase property, they are by no means the only reason why people take them out. Come to Positive Finance today, we offer competitively-priced bridging loans for all kinds of purposes, so we are well-placed to provide you with finance to help meet your life goals.

What can I use a bridging loan for?

There are a whole range of bridging loan uses so you are bound to find that taking out the product can be of assistance to you.

We issue loans for almost any purpose, so if you need to access credit quickly they may be a useful option.

Many people choose to take out a bridging loan when buying property and doing so could help you to advance up the housing ladder.

Perhaps you want to purchase a property but are having problems raising the money to do so due to difficulties selling your existing home. However, a bridging loan can give you the instant cash injection needed to buy a house and once your first property has been sold you can use the money you have received to repay your debts.

Alternatively, you may be looking to fund some other kind of major purchase – such as a car – or consolidate multiple debts into a single, easier to manage monthly repayment. To meet such goals, bridging loans can prove useful.

However, bridging loans may also be effective for businesses. If you're trying to quickly buy out a partner or are seeking cash in order to tide a company over so that it does not run out of money between successive private equity financings, you might want to consider the benefits that are on hand with a bridging deal.

With so many uses, you can rest assured this type of credit can help and as you can borrow for almost any purpose from us, we are in the perfect position to assist.

As one of the country's leading providers of bridging loans, we are dedicated to offering competitively-priced credit that is tailored to your specific needs. Our loans start from £10,000 and we are focused on giving you as much flexibility as possible.

While we offer loans repayable between one and 12 months, you decide the length of time they need to be settled by and you can also opt to take a payment holiday if you like.

Contact Positive Finance today to apply for a bridging loan

Positive Finance is a Manchester-based leading bridging loan provider and can offer this type of finance deal to businesses and individuals irrespective of purpose.

To find out even more all about bridging loans, visit our testimonials page. Here you will be able to read about how some of our previous customers were able to use bridging loans in order to meet their financial and life aspirations.

You can apply for a bridging loan through our site, although you might want to speak to one of our experts on 0161 790 811 first. We can provide you with friendly, useful bridging loan advice and can ensure that you are getting the loan that is best suited for you.

While browsing our site, you can also use our bridging loans calculator to get an idea of how much borrowing from us will cost, visit our FAQ page and keep abreast of the latest industry developments by reading our financial news page.
 

Is a bridging loan right for budding entrepreneurs?

Could a bridging loan help you?

Raising the money you need to start a business can be hard, however, there are alternatives to bank loans. Among them are bridging loans, peer-to-peer lending and borrowing money from friends and family, meaning you need to do plenty of research.

Important questions to ask bridging loan companies

Bridging loan firms will answer your questions

Before taking out a bridging loan, you must understand a number of key points. These include the rate of interest you will be charged, the length of time you have to repay the loan and whether there are any arrangement fees that apply.

Why bridging loans are only suitable for short-term funding

Bridging finance is a short-term solution

You should only consider bridging finance if your funding needs are temporary. This is because the high rates of interest make bridging finance unsuitable as a long-term solution, so if you have long-term needs, you should look at other options.

A guide to commercial bridging loans

A bridging loan could help your firm

Bridging loans can be taken out by both businesses and consumers, so if your firm has short-term funding needs, bridging finance is an option you may wish to consider. Bridging finance can be used for any purpose and are usually repaid within a year.

How bridging loans can help you avoid repossession

Bridging loans can help you avoid repossession

The prospect of repossession can be a very distressing feeling and you may feel that you have no options left. Bridging loans, however, can help you when you need it most. These short-term loans can stave off repossession and help you keep your home.

How bridging loans can help buy-to-let investors

Bridging finance is one of your options

If you are keen to take advantage of the buy-to-let boom, bridging finance can help you obtain a property. They are more flexible than buy-to-let mortgages and easier to obtain, so why not find out more by contacting a bridging loan provider?

Why take out a bridging loan rather than a bank loan?

You should seek advice on bridging loans

Bridging loans have many advantages over bank loans and it is important that you explore these when weighing up the two options. While bank loans have lower interest rates, they are usually less flexible than bridging loans and slower to process.

What are the processes for paying back a bridging loan?

Bridging loans can be used for refurbishments

If you take out a bridging loan, it is important to have an exit strategy, otherwise you could lose your home if you fail to repay the funds as agreed. There are various ways you can repay the loan, including using the proceeds from a property sale.

What makes people opt for bridging loans?

Could bridging finance be the answer?

If you need a large amount of money quickly, there are few better options than bridging loans. There are many reasons why people use bridging loans, including more flexible lending criteria and the ability to spend the money on whatever you please.

Why do people opt for auction bridging finance?

Bridging finance could be the answer

You can secure some attractive properties at auctions and a lack of cash does not have to stop you from acquiring one. Bridging finance is often used to buy houses at auctions, so if you have found a bargain, a bridging loan could help you buy it.

Can bridging loans help with overseas property purchases?

Bridging loans can be used for foreign property

Bridging loans can be used to purchase foreign property as well as homes in the UK, so if you have found a Spanish villa that would make the perfect holiday home, why not submit a bridging loan application to raise the necessary funds quickly?

Five things you should know about bridging loans

Bridging loans could be the answer

Before taking out a bridging loan, there are some important points you need to know and take into consideration. Bridging loans have many benefits but may not be the best solution for everyone, so it is important you understand what they are about.

Is it better to opt for open or closed bridging loans?

There are different types of bridging loans

There are two main options when it comes to bridging loans – open and closed – and it is important that you understand the differences between them. Each has its own pros and cons, so speaking to an adviser may help you to make an informed decision.

Criteria you should look for in bridging loan companies

Seek advice before getting a bridging loan

If you are hoping to obtain bridging finance your thoughts could well be preoccupied with what you intend to do with the money. However, instead of rushing out and applying for credit with the first lender you come across, it is important to seek out bridging loan companies with care.

Bridging loans can be a good short-term option for companies

Commercial bridging loans can be useful

Whether you own a small business or are in charge of a much larger organisation, bridging loans can be an effective financial resource to call upon. By taking out this kind of credit arrangement, your company can access the short-term cash required to meet a range of goals.

Use bridging loans to purchase properties at auction

Use a bridging loan to buy homes at an auction

Attending an auction can prove a fantastic way for you to purchase properties for significantly less than market value. However, if you have successfully bid on a development, it is vital that you consider how you will actually buy it and this is where bridging finance can come in handy.

Bridging loans offer access to money quickly

Bridging loans can provide urgent funds

If you find yourself in a position where you need to access money quickly, it is worth considering the benefits that are on hand with bridging loans. As such products are specifically designed for those who require funds urgently, they can prove to offer a timely cash boost.

Bridging loans – the truth behind the common misconceptions

Find out the truth behind bridging loans

For many people, bridging loans have been an effective way of getting the money they need quickly. However, there remain several misconceptions about them so if you're unsure whether a bridging loan is for you, it's a good idea to ignore these mistruths and make sure you find out the facts.

How a business can use a bridging loan

Bridging finance has numerous business uses

Applying for a bridging loan offers businesses an effective way of borrowing money quickly. These loans are designed to be a flexible financial product and so companies of all sizes and across a wide range of industries may find that they provide the cash boost required to meet a number of goals.

Bridging loan – a flexible financial choice

Bridging loans are incredibly flexible

Bridging loans are not just a quick way for you to borrow money, but are also highly flexible. Whatever your financial needs are, they may prove to be a product that you wish to consider.

Typical characteristics of a bridging loan

Consider the key aspects of bridging loans

Bridging loans can prove an effective way to borrow, especially at times when you need to get money quickly. However, before you apply for one, it is worth first bearing in mind the product's characteristics.

How bridging loans can help to purchase buy-to-let homes

Use a bridging loan to buy homes to rent

Renting out properties that you own to other people can provide you with a significant source of income. But whether you're looking to acquire your first buy-to-let home or have been in the market for some time and are keen to expand your portfolio, a bridging loan can be a useful product to realise your ambitions.

Bridging loans for land purchases

Buying land? Consider a bridging loan

Bridging loans can be an excellent way of securing additional funding, with borrowers able to access cash both swiftly and efficiently using such an arrangement.

The difference between closed and open bridging loans

Open and closed bridging loans

If you encounter problems during the property buying process and are looking for a quick financial boost, a bridging loan could be the answer. Depending on your circumstances, however, you will need to take out either an open or closed loan.

Using bridging loans to buy residential property

A bridging loan can help you to buy property

Bridging loans can be a very effective financial product with which to meet a wide range of goals; however, they are most often used to purchase property, largely due to the fact they can be applied for and taken out at relatively short notice.

Bridging loans explained

Bridging loans explained

We all experience a shortage of cash from time to time, whether it is due to unexpected circumstances or you simply need to fund a large purchase. If you are in this situation, you may be considering taking out a bridging loan – but what exactly does this entail?

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