Bridging Finance: When the traditional lenders delays mean you will miss out on the deal!

When you think the perfect property deal is right in front of you and have your offer accepted it should be a happy time! Right? Nowadays the banks and secondary lenders have to satisfy teams of people before they make a decision to give you the lending facility. These sort of delay's lead to deals falling out of bed because the vendor loses faith in the deal going ahead. With Bridging providers you can sometimes get a decision in principle in a matter of hours. Valuations booked in 24 hours and legal formalities completed in a few days. That is why bridging is increasingly being used to facilitate more and more deals in the short term.