It means bridging finance is no longer ‘too expensive’ – There was an interesting article in ‘Bridging Trends’ recently. This quarterly publication that monitors the latest trends in short-term bridging finance revealed that bridging loan interest rates fell to their lowest level in the first quarter of 2019. Data shows that the average monthly bridging loan rate fell to 0.74 percent, down from 0.80 percent in the last quarter of 2018. It is the lowest rate recorded since ‘Bridging Trends’ first launched in 2015 and it means that for many organisations a bridging loan is now a viable and affordable short-term finance proposition.
Up until recently bridging finance has been regarded by many as a last resort and the general perception has been that a short-term finance deal of this nature is expensive.
That is no longer the case.
At Synergy Commercial Finance we have also noticed an increased trend by clients to enquire about the possibilities and costs of arranging short-term bridging finance.
A well-structured and competitive deal such as this, taking into account the falling interest rates, can prove to be an ideal solution where a short-term injection of funds into a business or enterprise is urgently required.
The beauty of a bridging finance deal is that it is exceptionally quick to organise and funds can be in place within an extremely short space of time. Where temporary funding is an urgent requirement then bridging finance is very often the perfect solution.
Now with the new lower interest rates, bridging finance has also become far more attractive … and affordable.
The beauty of contacting Synergy to discuss short-term bridging finance is that our national network of locally based commercial finance brokers means that there is always someone ‘on the spot’ who can provide exactly the right level of professional help and guidance you are looking for.
Not only that, the other unique benefit we provide is our exclusive funding panel. Now recognised as the biggest and most comprehensive in the UK, numbering in excess of 200 lending sources including High Street and specialist niche market lenders, it means we are able to offer the most competitive market rates available today across a wide range of commercial finance solutions. Including unbeatable short-term bridging finance opportunities.
If you are considering a short-term bridging finance facility then please do not hesitate to contact us to discover how our experience, expertise and resources can provide the solution you are looking for. You can call us on 01904 481 786. You can also email: firstname.lastname@example.org or you can send a message using the online form on our Contact page.