How to Refinance Bridging Loan Deals UK Buy to Let Lending Criteria

Bridging Loan Refinance Ideas | A bridging loan is a flexible nimble finance tool when compared to a rigid structure and criteria of a traditional mortgage - however, the pricing is such it should be seen as a short term option. In this latest YouTube Video Mr Payam Azadi discusses how to convert a bridging loan into a mortgage once it’s served its purpose to bring the cost down. He talks about the “6-month ownership” rules that remortgage lenders often apply. He further discusses the need to add value to the property through refurbishment and development if you are looking for the work of an increased value rather than the original purchase price of the bridging loan. This briefing also coincides with the return to the market of a popular Bridge-to-Let light refurbishment product that ceased in the lock-down. ++++++++++++++++++++++++++++++++++ To subscribe to this channel click on the link belowhttps://www.youtube.com/channel/UCWu0TaWlZ4z6mFknWxpJshw?sub_confirmation=1 ++++++++++++++++++++++++++++++++++ If you're looking to Refinance Bridging Loan Deals and need to talk about the Buy to Let Remortgage options, do get in touch with Payam Azadi at Niche Advice https://www.nicheadvice.co.uk/contact... T:0207 9932044 www.nicheadvice.co.uk ++++++++++++++++++++++++++++++++++ #BridgingLoan #Bridgingfinance #RemortgageBridgingLoans THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME OR PROPERTY. A mortgage or other loan secured against your home or property may be repossessed if you do not keep up repayments, or if you do not repay it at the end of the term. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the term of the debt and increasing the total amount you repay. Niche Advice Limited is a mortgage and credit broker, not a lender, and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA Firm Reference Number: 750263. The Financial Conduct Authority does not regulate every mortgage or secured finance product. Commercial mortgages, business buy-to-let mortgages and some bridging finance are not normally regulated by the Financial Conduct Authority. Consumer buy-to-let and regulated mortgage contracts are treated differently, and the protections available to you depend on the product, the borrower, how the property is used and your circumstances.