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How long should a bridge loan take to get approved


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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

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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.

043_logo_final_03.png.0cdf828351f81e6097208048ac2d018d.pngStuart Phillips

Independent, Whole of Market Mortgage Broker

AALTO Mortgages Ltd

Web  www.aaltomortgages.com

Email  sales@aaltomortgages.com

Call  020 7183 1101

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