Purchase of a building plot or land using bridging finance
Funds are also available for bridging loans secured against land of many types, this can include land with planning permission to build a property or land of an agricultural nature.
Short term finance can be offered to enable the purchase and completion of a build project or to release equity for numerous reasons on land that is being sold. Development finance although previously one of the hardest hit sectors since the recession is returning to the market with an aggressive nature as we see more borrowers looking to raise this type of finance. This as a result has increased lenders hunger to offer bridging finance for a build or development project.