As a result of the Covid19 crisis many properties are taking longer to sell than was originally envisaged (this may unfortunately be a feature of the market for some time to come), and even when they do sell in some cases the deal may not close for an extended period. All of this can leave some sellers in difficulty as the cash was required to meet other costs, be it another property purchase or some other reason where the non-receipt of the expected cash within the envisaged time from the property sale causes a difficulty.

Our finance partners recognise these difficulties and have a product that will allow borrowers generate cash from properties at the time it is needed. These bridging loans are fast and flexible. Lending criteria are straightforward:

Get up to 70% of the value of a property
Get a loan from from 4 months to one year
The property must be on the market through an estate agent and it must be advertised on the national property websites
Commercial & residential rental property owned by a company is ideal but no private dwellings
Amounts from €200k upwards make sense as there are set legal fees which can make it expensive for lower amounts

Talk to us about property backed bridging loans today on 01 55 636 55 or type us a message via the web chat box in the bottom right of this page.