New Auction Loan from Novellus Bridging Delivers Funding Fast
Rapid approval process allows property investors to snap up a bargain quicker than ever
LONDON, June 06, 2019 /PRNewswire-PRWeb/ -- UK: Today. With more and more property investors looking for quick delivery on funding decisions, Novellus Bridging a finance company specialising in bridging loans for commercial properties announced they have launched a new auction loan to help buyers close the deal on property quickly.
Novellus Bridging employee Samuel Kemp says, "We are excited to be offering this new form of finance as there are very few companies in a position to provide funding this quickly. One of the main reasons buyers miss out on the property they want at auction is due to the short purchase and payment time frame. With our new loan offer, we guarantee a swift decision on applications, with the money in the bank immediately after the approval and legal process has completed."
The new auction bridging loan is aimed at investors looking to buy commercial property, land (with or without planning) and refurbishments. Novellus is offering very attractive rates starting at 0.54% per calendar month. The company do not offer fixed products and each case is underwritten on its individual merits. When considering loans, people are evaluated as much as the asset as ultimately this becomes about mutual trust and respect. Due to the quick turnaround levied at auctions some investors find it difficult to secure funding for the property they are wishing to purchase within the timescales. The new auction loan from Novellus fills this gap with its quick completion time for loans, from application to approval.
"Every application is considered individually," says Samuel, "so anyone in need of fast finance can apply. We use our own capital to invest and so the loans, once approved are not subject to any board approval (or third party credit line checks). This provides the borrower with comfort that a "Yes" with Novellus, really means "Yes". You will deal directly with a principal which assists greatly with the speed funds can be released.
Find out more about Novellus Bridging Loans at https://www.novellusbridging.co.uk.
About Novellus Bridging: Novellus Bridging is a private finance company based in South Kensington, London. They describe themselves as a 'common sense' lender and have a dedicated team with vast experience in the UK and Ireland property market. They provide short term loans to businesses and individuals secured against a wide range of assets, including (but not restricted to) buy to let, commercial property and refurbishments. With every application considered on a case by case basis, Novellus provide a swift decision and a straightforward process for their borrowers.
SOURCE Novellus Bridging
Share this article