The history of ‘Bridging Loans’ is an interesting journey. Once mainly the preserve of our High Street banks, for the good reason that they knew their developer customers often already had some land as security and could act quickly.
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Considering Scotland is home to RBS, BOS and Clydesdale to name but a few Scottish borrowers have been on the raw end of finance since 2007. However if you are based in Scotland you can now get residential and commercial bridging finance at rates as low as 0.65% pm and exit finance if you want
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The short term finance market is very diverse and getting reliable statistics is not easy but theAssociation of Short Term Lenders collects data from its members who have witnesses a 49% growth in lending year on year from March 2014 to March 2015. So why is bridging finance becoming more important? Danny O’Sullivan, Head of
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