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Table of Contents
Welcome to Fast Forward Finance
Fast Forward Finance is an independent bridging loan broker based in the UK. We have been a trusted broker in the UK for many years and an established expert in the industry as we deal exclusively with business loans and nothing else.
As such, we have a high level of expertise and experience in all aspects of the bridge lending industry and we aim to give you the best possible results in terms and conditions, as well as in rates and fees.
A Trusted Capital Source for Over Xnumber of Businesses
We have helped practically thousands of people in the UK to secure bridging loans of up to 100K. If it’s about fixing a break in the property chain or trying to save a house repossession or even avoiding bankruptcy, we’ll handle your loan needs with the greatest dignity and diligence. No wonder we have grown to become one of the most trusted sources of capital for more than XXX number of businesses.
A Proven Track Record in Providing Bridging Loans
Since we have been handling bridging loans for many years, we have the resources and expertise to help you through all the problems that can arise when applying for your loan. A bridging loan is typically a one-off loan for most borrowers, so an inability to obtain the best bridging loan or the right interest rate on your bridging finance could be an expensive mistake.
You can trust us to work hard at finding a suitable bridging loan deal for your situation, at the best rate. Our track record speaks for itself which is why we have hundreds of satisfied customers that are always willing to recommend our services.
Our Bridging Finance Specialist Team
Fast Forward Finance’s expert bridging finance team are known for managing some of the market’s best value-added bridging facilities.
Where necessary, our expert team can also help point applicants in the right direction when it comes to planning the exit on the bridging loan, a feature not commonly available in the industry, giving our customers the peace of mind regarding getting the best exit option set up.
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What is a Large Bridging loan?
A large bridging loan is a short-term, property-backed loan facility for amounts in excess of 100K. With full industry access at our disposal, Fast Forward Finance specialises in quick, easy and effective arrangement of large bridging loans. As long as you can meet the lenders’ criteria, you stand a very good chance of getting the funds you need up to £100k.
What is a Large Bridging Loan up to 100K Secured Against?
When applying for a bridging loan, most UK lenders find the following types of securities acceptable:
- Bungalows
- Cafes
- Factories
- Flats
- HMOs
- Houses
- Maisonettes
- Plots of land
- Restaurants
- Retail stores
- Warehouses
Can you get an Unsecured Bridging Loan for up to 100K?
Unsecured bridging loans are tougher to get because lenders generally insist on securing your loan against some form of a fixed property asset.
However, if an unsecured loan is what you are after, we may be able to get one lined up for you, as long as you have a good credit rating and can meet any other criteria put up by the lender.
These unsecured bridging loans are subject to status and are only available for UK residents between the ages of 18 and 79 years, who can show proof of income and a viable exit strategy.
Borrow up to 100K with Fast Flexible Bridging Loans
Fast Forward Finance is a licensed broker that can help you source and arrange short-term funding of up to 100K. We collaborate with multiple lenders to make sure you have a wide pool of options.
Simply input your info and an advisor will be in contact with you as soon as possible.
Bridging Loans of up to 100K for your Short-term Finance Needs
If you are in the market for bridging loans of up to 100K, Fast Forward Finance may be able to help you arrange one for your business needs. It’s a perfect way to raise funds where a simple, short-term approach is needed to rectify a problem such as a temporary cash-flow issue or a tight deadline.
Why use Bridging Finance?
Speed
Because you can arrange a bridging loan in weeks rather than months, it makes it possible for you to take advantage of unexpected business opportunities or compete with cash buyers where cash is needed to seal a deal.
Another example of how the speed at which bridging finance can be ideal is if, at auction or any other situation, the seller is willing to sell at a discount if you can raise the needed cash within a stipulated time frame.
Take Advantage of Opportunities
Bridging loans allow real estate investors to take advantage of opportunities where and when they emerge. For example, to secure land offers at reduced selling rates and even in addressing emergency conditions that need quick funding.
Cash-flow
Whether it’s a quiet trading time or you’re trying to fund growth, most companies will experience cash flow problems at one stage or another. If you fail to secure financing from sources of business loans when you need it, then a bridging loan can be a great solution.
Flexibility
Bridging finance can be repaid early without penalty. Early repayments mean that any used interest will be refunded, thus saving you money.
No Monthly Payments
There are no monthly payments to make when interest is rolled up or deducted. This can be a major help to financing efforts during a project or slow market period.
Who is a 100K Bridging Loan for?
A bridging loan of up to 100k is for anyone who is in need of such an amount and has the necessary security to be eligible for the loan. Applicants can be businesses and individuals including property developers, property investors, landlords and entrepreneurs.
When Should you use a Bridging Loan of up to 100K?
Preferably, a bridging loan of up to 100K can be used to bridge the gap between when funds are needed and when long-term financing can be obtained.
Because of their comparatively high interest rates and substantial administration costs, individuals and companies in a stable financial position are more suited to using them.
How Bridging Loans can Help Your Business
Bridging financing is used beyond the traditional property sector in a variety of company circumstances. The ability to access financing easily allows businesses to take advantage of opportunities or to escape immediate financial problems. Your company can use a bridging loan of up to 100K if a tax claim is levied and the amount cannot otherwise be raised within the necessary timeline.
Business expansion is one of the most important motives for inquiring about bridging finance solutions, as companies looking to develop business properties, get more inventory, or break into new markets may be able to get the funds they need via a bridging loan. Also, this source of funding is ideal to help bridge the gap between selling a house and buying a new one, it can be a good short-term solution.
Bridging loans up to 100K can also help property transactions where cash is needed quickly and a mortgage will not be fast enough to close the transaction. There are just so many ways a bridging loan can come in handy. If you are uncertain whether a bridging loan is ideal for your needs, get in touch on PHONEXXX to discuss with one of our experts today.
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How to get the right Bridging Loan Up to £100K for your business?
Bridging loans are secured, which ensures that an inability to repay will result in the borrower losing the security. Borrowers, therefore, must be in a stable financial situation to prevent defaulting on the repayments, and have a straightforward exit route, which is also a prerequisite when applying for a bridging loan.
It can be a difficult call deciding whether you should take out a bridging loan or not. And it is certainly a smart decision to follow advice. If you’re unsure whether a bridging loan is right for you, talk to our Fast Forward Finance loan advisors today. Our team at Fast Forward Finance try not only to assess and advise you but also recommend the most appropriate bridging funding method, collaborating with specialist bridging loan experts to help bridge payment gaps.
What’s the typical interest rate for a Bridging Loan Up to £100K?
Based on the particular situation and demand, the interest rate can differ. Typical levels begin at 0.55% a month and increase to 1.5% a month.
Bridging Loan Calculator
If you think you might benefit from a bridging loan, but you don’t know how, we’re here to make that happen. Our simple but interactive bridging loan calculator can be used to help decide the terms and repayment plan on your perfect loan with a fast and convenient online quotation.
You will just have to input a few simple specifics by using the calculator, such as the amount you are applying for, the security type you are guarantying the loan against, the purpose for the loan, and any other information you feel will help the team.
What kind of fees are involved in a Bridging Loan Up to £100K?
Bridging lenders typically charge extra fees in addition to an agreed interest rate. The fees are made clear from the beginning of the application. These include:
Arrangement fees : Arrangement fees are typically added for setting up the loan facility. This is usually at the discretion of the lender but it could be applied upon acceptance of the loan or before application. Arrangement fees are usually 1-2% of the loan amount for loans up to 1 million.
Broker fees : A bridging firm would usually apply a broker charge of 1% to the loan to pay the financial broker for bringing the transaction to the lender.
Legal fees : You would be required to pay the lenders’ legal fees in return for them setting up the bridging loan, as well as covering your own solicitors’ expenses. Legal costs can vary greatly from lender to lender.
Valuation fees. If you are unable to provide an adequate surveyor report, a property valuation will need to be carried out before the loan application is completed. This valuation is usually handled by someone from the RICS and the applicant is responsible for the valuation fees.
In most instances, you will be expected to pay for this upfront. The money is usually paid directly to the surveyor undertaking the valuation.
Exit fees. The vast majority of bridging loans do not have early withdrawal charges added to them as that is one of the main benefits of taking out such a loan. If an exit fee will be implemented, however, it must be clarified explicitly at the outset of the arrangement.
What are the Term Lengths for a Bridging Loan Up to £100K?
Being that bridging financing is a short-term alternative, most loans have a one-year period or less.
There are longer timelines, however, and lenders that can provide bridging funding on a deal lasting from 18 months and 2 years can be sought.
What are the Eligibility Criteria for a Bridging Loan of up to 100K?
You just need to own a property that can be used as security, have a reasonable credit rating (where applicable), and show proof of a sound and viable exit strategy.
What type of security can I use when applying for a Bridging Loan Up to £100K?
The type of security you can use is typically a property that has enough equity left over so that in the event you are unable to settle the bridging debt (100K), the debt can be solved when the property is remortgaged or sold at the end of the term.
Advantages and Disadvantages of a Bridging Loan
Advantages
1. Fast funding. One of the greatest benefits of bridging loans is that you can quickly get the funding you need to easily leverage market opportunities. The typical period is around two weeks, but set-up can happen within 48 hours.
2. Simpler applications. Bridging loans also require less documentation and simpler, quicker and easier to complete applications.
3. Flexibility. Another advantage is the flexible system of repayment. This is especially true for an open bridging loan that has no predetermined maturity deadline and in unpredictable circumstances, makes life easy for people.
Disadvantages
Unless there is no concrete roadmap and no fast return on investment, short-term debt bridging will easily turn into long-term debt. This is a possibility that has to be taken into account and a contingency plan will certainly help in the event that events don’t work out as planned.
Typical rates depending on the lender and range from 0.5% to 3%. This means that the resulting payments can be very costly. Because of the interest rates being charged, vast percentages end up in default. Furthermore, when it comes to late fees the lenders are not always accommodating.
For every month the loan is not repaid, it attracts compound interest. Bridging loans depend on the borrower to obtain long-term funding or provide an acceptable exit plan. If the borrower defaults, their credit score will be negatively impacted.
What can you use a Bridging Loan Up to £100K for?
One-time opportunity. If you come across a one-time offer you want to benefit from but you don’t have the funds readily available, a bridging loan of up to 100k can come in handy.
Perhaps you are looking to purchase a vehicle, piece of machinery or property expansion for your business. As bridging loans are fast to set up, they are ideal for situations like these.
Unexpected tax bills. This type of loan can be used by individuals or businesses who are faced by an unforeseen tax bill and wish to pay back the money immediately in order to escape late payment penalties.
Cash-flow problems. There are several occasions in which a business owner can face problems with the cash-flow.
Two examples are when a client delays in making payment, or if the bank calls in an overdraft facility at an unexpected time. In such cases, a bridging loan may be used to deal with the crisis, given that the issue is of a short-term nature.
Why Choose Fast Forward Finance for a Bridging Loan Up to £100K?
Unsecured loans available
Working with our specialist lenders, we are able to make unsecured loans available. Unsecured loans are forms of loans that do not need collateral to qualify. Lenders won’t ask you to provide collateral to guarantee the loan. They can, however, check to see if the borrower has a reliable income stream and a good credit background.
No early repayment fees
Most lenders don’t charge fees for repaying a loan early and will only charge you interest for the days on which you borrowed. In fact, the lenders we work with do not charge early repayment fees and you can save on interest payments by repaying the loan as soon as possible.
Flexible or fixed term payments
Bridging loans are structured to be flexible, and Fast Forward Financing strives to arrange a bridging loan of up to 100K in the most suitable way that will benefit both the lender and borrower. This includes zero upfront fees, flexible repayment schedules and zero-interest payable until maturity of the loan.
Fast Funding
Every month we help thousands of people to obtain fast bridging loans in the UK. People come to us because they know that the loans we organise are quick and easy. In fact, the funds can be paid into the borrower’s account merely hours after approval.
Fair decisions
Our bridging loan brokerage service and the lenders we work with make decisions based on the merits of the security offered and a viable exit route and not the financial standing or credit rating of the applicant.
We’re easy to work with
Fast Forward Finance aims to be a joy to work with, providing all our clients and partners with a strong personal and technical experience. Our staff also go the extra mile and are known for regularly providing accomplished and professional brokerage services.
Stellar Customer Service
At Fast Forward Finance, we strive to always provide exceptional customer service. Over the years we have been widely commended as a broker for our successes – an acknowledgement that sets the tone of your experience with us.
Transparency Every Step of the Way
We are a strong believer in accountability and any customer relationship begins with transparency. From the beginning, everyone knows what the contract process should look like so that there are no surprises later. We are always open to feedback and encourage continuous communication.
Dedicated Account Executives
Our team of highly trained experts and devoted account managers will be on hand to give you the best guidance. We will help to steer you through the property bridging loan cycle and are on hand from start to finish if any problems need our attention.
Following the FCA Rules
Fast Forward Finances partner panel of lenders are all fully authorised and are expected to adhere to all FCA rules.
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Some of the Sectors we lend to:
- Retail businesses
- Supermarkets
- Speciality retailers
- Department stores
- Ecommerce stores
- Convenience retailers
- Warehouse retailers
- Bars and restaurants
- Ethnic restaurants
- Fast food restaurants
- Fast casual restaurants
- Casual dining restaurants
- Premium casual restaurants
- Fine dining restaurants
- Cafés
- Cafeteria
- Coffee houses
- Destination restaurants
- Pubs
- Hotels
- Hotels
- Self-catering (holiday cottages)
- Bed and breakfasts
- Hostels
- Camping and caravanning parks
- Hair and beauty salons
- High street salons
- Spa salons
- Mobile hair salons
- Mobile beauty salons
- Dentists and opticians
- Dental and maxillofacial radiologists
- Endodontics
- Restorative dentists
- Oral medicine practitioners
- Oral surgery practitioners
- Paediatric dentists
- Special care dentists
- Optometrists
- Dispensing opticians
- OMPs.
- Vets
- Dental specialists
- Emergency care specialists
- Surgical specialists
- Cardiac specialists
- Orthopaedic specialists
- Auto garages and MOT centres
- Service technicians
- Diagnostic technicians
- Brake and transmission technicians
- Body repair technicians
- Vehicle refinishers
- Vehicle inspectors
How does the Application Process for a Bridging Loan of up to 100K work?
Step 1. Telephone our professional bridging team who all have great expertise in organising bridging loans to address your needs. We will provide free consultation and let you know all that your loan requirement entails.
Step 2: The borrower gives a rundown of the loan application to the lender by providing details on key motives for having a bridging loan, the protection available and a straightforward plan for repayment.
Step 3: The borrower provides the lender with proofs (if applicable) of the current purchase of the property and proof of the exact amount to be paid.
Step 4: The lender sends the borrower information specifying the terms of the planned bridging arrangement and what is needed to receive the loan.
Step 5: The lender makes an objective assessment of the property’s value to determine if it fits the amount, duration and terms of the loan.
Step 6. When your loan application has been reviewed by the lender and they have indicated that they are happy with the value of the land, a formal offer will be submitted to you.
If you are happy to continue, a copy can be submitted to your attorney who will negotiate for the money to be passed to you.
This is just a template of how the application process works. Each lender’s process is different and may entail more steps. For a better idea of what to expect when you apply for a bridging loan of up to 100K, get in touch with us on PHONEXXX.
How to Apply Online for one of our Bridging Loans
To apply for a 100K bridging loan, simply fill out our application form online. Our application form is fast and quick to fill in.
Simple Qualifications
The beauty of our approval process for a bridging loan is its simplicity. Our lenders don’t require too much paperwork. In fact, what our lenders need is a full appraisal and evidence of how the loan is to be paid back. It is actually very easy.
Easy Application Requirements
A bridging loan is always easier to acquire than other forms of loans. That’s because there is usually less focus on your credit record for bridging loans, and more importance placed on your individual situation and willingness and ability to repay the loan. This makes the application process and requirements very easy.
Super-fast Approvals
Bridging loans approval rates tend to be fast because very little paperwork or background check is involved. As long as you have a viable exit strategy and the right security, your loan application can be approved in no time.
Want to Check your Eligibility Before you Apply for a Bridging Loan up to 100K?
We don’t believe in making things difficult for our customers. This is why we have created an eligibility test system that allows you to check how eligible you are for a bridging loan before applying.
If you are thinking of applying for a 100K bridging loan, get in touch today and one of our expert brokers will help you through the process and find you the best deal to suit your circumstances.
