Ashley’s new loans will help business ‘Bridge the Gap’
Ashley’s new business bridging loans are designed for situations where urgent funding is required and can be used not only to secure a property, but for any time-sensitive transaction.
An Ashley bridging loan provides up to 70% of the forced sale value of a property, from a minimum of £25,000 to a maximum of £300,000, over a period of three to 12 months with monthly fees starting at 1.45%. Application is quick and simple and in most cases, we can respond within 24 hours. As Ashley is a direct lender, we can release funds quickly also tailor the loan to suit specific needs.
Liam Cavanagh, director of operations, who heads up the Bridging Department, said “A bridging loan is designed to quickly ‘bridge the gap’. While Ashley’s new business bridging loans are ideal for developers, landlords and business owners buying property at auction, they can also be used for any business purpose such as refurbishments, redevelopment or to provide temporary cashflow. With 22 years’ experience we have worked with many different types of businesses and have the expertise to fund where other lenders wouldn’t.”
Applicant must be based in England or Wales and provide proof of income. Under the terms of the loan, Ashley will take a second charge over the property