Documents required for Bridging Loans

Now when you have already decided to apply for a high speed bridging loan, we have prepared a piece of information which will actually help you in getting a commercial bridging loan quickly and easily. The lender will be in the best position to move quickly if he receives all the documentation from the borrower well on time.

The required documents to avail UK bridging loan are

1. Submit the complete application form dully signed at the respective financial institution. This you can avail from the bridging loan lender after discussing your loan requirements.

2. A copy of RCB

3. Identity proof

4. Details of bank statement and financial statement

5. All the papers regarding the property to be purchased /Property contract papers, sales orders etc.

6. Documents of collateral property

7. Other documents – every financial institute has a slightly different way of proceeding, therefore they may ask for some other documents as well.

The borrowed amount starts from £26, 000 and goes up-to £5 Million pounds and can be borrowed for periods which range from a week up to twelve months.
Bridging loans are generally called for the urgent requirements and can be procured within 24 hours, provided the documents you provide to the bank are correct and as per the requirement of the bridging loan lender.