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What are bridging loans?

April 26, 2017answer Bridging Business Finance Loans UK

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What are bridging loans?

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Bridging loans are basically some short term loans, which as the name suggest are used to bridge your financial gaps. It would be to buy a new property, or for a business etc. The amount you can borrow is huge and the rate of interest would depend on your conditions. For e.g. if you have a bad credit record, it could be a bit high. to compare the interest rates of bridging loan with personal loan you can apply for a free quote from a company like this one: http://www.longdogfinance.co.