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Yes we're a bridging loan broker with access to over 300+ lenders
The typical duration of a bridging loan can range from a few weeks to up to 12 months. The exact term depends on the specific needs of the borrower and the terms agreed upon with the lender.
Yes, many lenders allow for early repayment of bridging loans. However, it's important to check for any early repayment fees or penalties that may apply.
Bridging loans can be used for various purposes, including property purchases, renovation projects, business investments, and covering short-term cash flow gaps. They are particularly useful in situations where quick access to funds is essential.
If you are unable to repay your bridging loan on time, you may face additional interest charges and fees. It's crucial to have a clear repayment plan and consider contingency options to avoid financial difficulties.
