FAQ's
Frequently Asked Questions
Find answers to common questions and concerns about bridging finance in our FAQs section. Whether you are new to bridging finance or looking for more information on our services, our FAQs provide valuable insights to help you make informed decisions about working with Chestnut Finance. Learn more about bridging finance and how it can benefit your property ventures.
Bridging finance is a short-term funding solution used to bridge the gap between funding. It allows borrowers to access funds quickly, typically for a period of up to 12 months, until a long-term financing option becomes available.
Bridging finance is suitable for property developers and investors who require temporary funding for property transactions. It can be used for various purposes, including purchasing residential or commercial properties, renovating properties, or resolving cash flow issues.
Interest rates for bridging finance tend to be higher than those for traditional mortgages due to the short-term nature of the loans and the associated risks. Rates can vary depending on factors such as the loan amount, loan-to-value ratio, and the borrower's creditworthiness.
The time it takes to secure bridging finance can vary depending on factors such as the complexity of the transaction and the lender's processing times. In some cases, funding can be obtained within a matter of days, while more complex transactions may take several weeks.