turnkeymaker 0 Posted February 24 Share Posted February 24 Hello, This is a question for any property investor who had used Bridge loan to finance Buy to let How long does it normally take to get a bridge loan after you have gotten the loan in principle from the bridge loan lender? Does purchasing a lease hold property affect the time it take for the lender to finally approve the loan? If yes, please for how long Link to post
Stuart Phillips 254 Posted February 24 Share Posted February 24 How long is a piece of string... If you want the best rates, the lenders you approach are going to do levels of due diligence akin to a standard mortgage, ive done bridges that took 2 months to complete. If you are prepared to pay any price i could arrange a bridge in a week. Typically its a balance between these factors Yes, a leasehold brings some additional legal work and will delay things. Stuart Phillips Independent, Whole of Market Mortgage Broker AALTO Mortgages Ltd Web www.aaltomortgages.com Email sales@aaltomortgages.com Call 020 7183 1101 Link to post
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