There are a lot of bridging finance companies in the market. You need to research the market thoroughly so as to ensure that the rates you are obtaining are competitive.
The rates bridging companies vary a lot so you do need proper advice.
As the rates through short term lenders tend to be higher, we would strongly suggest that you already know your “exit stratergy” i.e. how you will pay off the bridging finance.
You should also check carefully for any break costs or early redemption penalties which the bridging company may charge you for terminating the bridge.
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