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Bridging loan agreement in principle11/12/2023 ![]() How long does it take to get the loan approved by a lend6er? If you’re expecting to have the funds in your account within a day or 2 then that’s not a realistic time scale and you’re probably better expecting around a week. Now that being said, there will be many who claim that they can get a bridging loan agreed and paid out within 24 hours but this is a pretty unrealistic time scale and usually takes between 5 and 10 days, and often between 7 and 14 days to get the loan agreed in principle, get the paperwork settled, and the loan paid out. This will largely depend on your circumstances, however, we can usually get an indicative agreement in principle within an hour, with finance terms in about 4 hours. One of the most frequent questions we get about bridging loans, is how long does it take to get a bridging loan for a client, so we’ve put together a short guide for you. ![]() ![]() Many of our clients use bridging loans for property projects, however, they can also be used for things like invoice financing or stopping a bankruptcy petition, should you need it for that. They can be taken out over a very short time, or they can be stretched over a relatively long period, should you need it. ![]() Buy to let mortgages for non UK residentsīridging finance and bridging loans are one of the most popular short term finance products on the market, and there’s a good reason for that – they’re one of the fastest types of loan to arrange.īridging loans are also incredibly versatile and flexible, able to be used for almost anything as long as you meet the criteria. ![]()
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