Bridging
Loans with No Income Required
We
can help to arrange a bridging loan even if you are
unemployed or retired. Here are a few examples:
A client had become unemployed and
had no savings to fall back on. They were selling their
house to downsize and there was lots of equity in the
property. We arranged a £30,000 loan to provide
the cashflow to keep up the current mortgage payments
and provide some income until the property was sold.
A client approached us that had been
off work due to illness but was due back at work in
4-6 weeks time. His mortgage lender had threatened repossession
so we arranged a £26,000 loan to clear the mortgage
arrears and give an income until the client went back
to work. Once the client was back at work they were
able to arrange a secured loan to redeem the bridging
loan.
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