Apply for bridging finance and get the loan you need quickly without having to wait for the money due to you. Applications for these types of loans can be approved within 48 hours and cash can be transferred straight into your bank account. This is an ideal option for estate agents that need a loan after making a sale but cannot wait for the time it takes for the commission to come through. Money can be borrowed and accessed on that commission upfront.
For somebody applying for a second bond or mortgage money will only be accessible from the bond once it has been registered. If the bond has been approved by a financial institution then a bridge loan can be applied for and finance approved to applicants as an advance of up to 80% of the bond or mortgage amount immediately.
People who have just sold their house or property can get bridging finance while they are waiting for the registration of transfer to go through which can take up to 3 months and sometimes longer. Property sellers are offered access to these loans within 24 hours advance subject to a few requirements.
Also, in a case where a house or property buyer has been granted a bond in excess of 100% of the purchase value, excess funds can be advanced to the buyer to assist in paying transfer duty immediately.
Whatever your need for applying for a bridge loan, filling in an online application form and submitting helps people apply for bridging finance from the comfort of their own homes or straight from the office.