Birmingham, West Midlands (PRWEB UK) 1 October 2013
October sees the launch of the Only Independent Specialist Bridging Loan Comparison website CompareBridging.co.uk containing a unique bridging loan comparison tool.
Totally Independent the site offers viewers a fast and easy way to compare different bridging loans. Viewers simply enter their requirements into the comparison tool and a list of suitable lenders is quickly calculated. Armed with this knowledge a Decision In Principle can be very quickly gained.
The site also contains a handy Bridging Loan Repayment Calculator allowing viewers to quickly get an idea of likely monthly bridging repayments.
Designed with the viewer in mind the sites core goals are said to be to offer Information & Choice to anyone considering a bridging loan.
Mark Jarman a spokesman for the company said “We believe our specialist bridging comparison site is the only one of its kind, it saves borrowers a great deal of time, in less than a minute they get a list of suitable bridging lenders who should be able to offer them a loan".
A Bridging Loan is a form of UK Finance which is based on using property as security for the loan. Traditionally they have been used to “bridge” the financial gap between buying and selling a property but these days they are used by both investors and private individuals alike as a financial tool to help facilitate all kinds of private and commercial transactions. A short term solution most bridging loans have a defined exit strategy in place with terms generally over just a few months.
Since the economic downturn and the increased difficulty in borrowing from major banks the bridging finance sector has seen double digit growth every year. Hailed as a fast way to raise finance against property bridging loans are one of the few areas where strong future growth is forecast by virtually every analyst.
For more information please visit CompareBridging.co.uk