HSBC Bridging Loans

Top 10 Finance Ltd, Bridging Loans Rex House 4-12 regent street London SW1Y 4PE

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HSBC Bridging Loans, HSBC Bridging Loan Calculator.

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About HSBC Bridging Loans, Interest Rates and Calculator for your HSBC Bridging loan

A Bridging Loan from HSBC

HSBC stands for Hong Kong and Shanghai Banking corporation it took over the Midland bank to cement its presence in the UK the bank is a global bank and one of the biggest banks in the world, it offers bridging loans and finance, to individuals and also corporate finance to businesses, the types of finance it offers covers both secured and unsecured loans an unsecured loan is basically a loan that the bank has no security or charge over, whilst a secured loan is considered to be a loan that is secured against an asset that could be a property as in a mortgage or shorter term finance like a bridging loan, other assets that can be offered for a loan could be things like a car in car finance, plant and machinery is also considered an asset, security could also mean any tangible asset and even things such as stocks and shares can sometimes be used to secure a loan.

 

With a bridging loan though it is always a property asset that is used to secure the loan, this is usually a residential property, however, both commercial properties and land can also be used to secure the loan.

 

If you are looking for for an HSBC Bridging Loan it pays to be an existing customer, only on rare occasions will a high street bank offer bridging finance to a borrower who is not already an existing client.

 

HSBC loans are usually available up to 60-70% LTV However there are many more lenders in the bridging loan market so it pays to shop around and make sure you compare all of the options that are available to you for your loan.

 

Bridging Loans are a short-term form of finance that is usually taken for anything up to one year, however, they can also be taken out for as little a 1 month the choice really is yours.

 

The reasons for taking out a bridging loan are many, and would include releasing equity from a property or multiple properties that you own, make a quick purchase of a property that needs to be bought quickly like a forced sale or in an auction where you only have 28 days to pay the full amount due, a traditional mortgage could not be arranged in this timeframe.

 

You could also us an HSBC Bridging Loan if you were in a sales chain of properties being bought and sold, if one buyer falls out of the chain the whole chain collapses, with a bridging loan this can be avoided.

 

There are approximately 80 other bridging loan lenders in the UK so it pays to do some homework before you commit to a lender, this will ensure you get the best interest rates on offer.

 

Use your HSBC Bridging Loan for:

 

  • Auction Property within 28 days of purchase
  • Get Access to the cash tied up in existing property
  • Purchase a property before you sell yours.

 

Once you have your bridging loan there are no restrictions on what you do with the money as long as it is legal the money is yours to do what you wish. HSBC Bridging Loans are a short-term funding solution for situations where you need to bridge the gap between needing cash now and paying it back within twelve months or less.

 

Bridging Loan Basics

  • You Can Borrow from £25,000 up to £5m
  • Loans from as little as 1 month up to 14 months
  • Completion can be as little as one week

We will search all of the UK Lenders for you including HSBC and many other lenders who offer bridging loans and finance.

 

Get in touch you can call us anytime 24/7  or fill in the form on this web page and we will contact you to provide your quote.

 

 

With over 20 years experience you can be assured of the very best help and advice from our team.

 

 

We are an FCA regulated firm

Get a Quote Today

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