Positive finance is one of the UK's leading bridging loan specialists for personal and commercial uses. We are principle lenders, which means with us you benefit from NO BROKER FEES and getting an immediate decision on a bridging loan is fast, easy and straightforward. Also, because our lending solutions are tailored to suit you and we are happy to consider any credit history, there's really no need to go anywhere else!
Whether it's for a house purchase, a new car, an unexpected bill or even to stop a home repossession, you can apply for a bridging loan for any purpose. You can also be sure of a bridging loan that will match your circumstances and requirements exactly.
Typically our bridging loan terms are from one to six months - or for a shorter period of time if required. We offer flexible payment terms up to 12 months, with 'payment holidays' or deferred interest payments if that would make life easier for you.
Raising the money you need to start a business can be hard, however, there are alternatives to bank loans. Among them are bridging loans, peer-to-peer lending and borrowing money from friends and family, meaning you need to do plenty of research.
Before taking out a bridging loan, you must understand a number of key points. These include the rate of interest you will be charged, the length of time you have to repay the loan and whether there are any arrangement fees that apply.
You should only consider bridging finance if your funding needs are temporary. This is because the high rates of interest make bridging finance unsuitable as a long-term solution, so if you have long-term needs, you should look at other options.
Both banks and specialist bridging loan companies can provide the bridging finance you need, meaning you need to compare products from a range of providers. You need to look at factors such as interest rates and arrangement fees.
Some bridging loan companies will lend up to £5 million if you have sufficient equity in your home, however, what if your borrowing needs are more modest? If you need a sum of £10,000, bridging loans can still be an option.