cloud-up
thumb
ENQUIRE TODAYthumb
cloud

Superfast Completion, Often Within Days

cloud

Land, With or Without Planning

cloud

2nd Charge (consent not always required)

cloud

Quick Auction Finance

cloud

3rd Charge (consent not always required)

cloud

Adverse Credit Considered

cloud

2nd Charge Behind Bridging Lender

cloud

2nd Charge Behind Equity Release Lender

cloud

Up to Age 85

cloud

Pure Equity Based Lending

cloud

Residential & Commercial

cloud

Valuations Not Always Required

cloud

Loans from £25,500

cloud

Free Legal Option

cloud

No monthly payments

Debt Consolidation

Consolidating debts with a single affordable debt consolidation loan can significantly reduce immediate and long-term outgoings. However, debt consolidation is a facility only to be considered following receipt of sound financial advice as not all debt consolidation loans work in the same way.

If you are interested in debt consolidation or would like to discuss the options available in more detail, book your obligation-free consultation with UK Bridging Loans today.

Debt Consolidation Loans: How Do They Work?

It's not uncommon for individuals, households and businesses to struggle with more debt that they can manage. Over time, everyday facilities like credit cards, personal loans, overdrafts, secured loans, vehicle finance loans and so on can add up to a serious amount of debt.

If you find yourself in a position where you can no longer comfortably meet your repayment obligations, a loan for debt consolidation could help you take back control.

A debt consolidation loan replaces all (or most) of your existing debts, paying off your outstanding balances and leaving you with a single loan to repay. The biggest benefit of a consolidation loan being the elimination of multiple monthly payments, replaced instead by one much lower monthly repayment.

If the interest rate payable on your consolidation loan is competitive, you also stand to save significantly on the long-term costs of your debts.

When is Debt Consolidation a Good Idea?

Contrary to popular belief, you don't have to be drowning in debt to benefit from a competitive consolidation loan. If you are currently repaying multiple debts of any kind at elevated rates of interest, you could make significant savings by consolidating your debts. Strategic debt consolidation can minimise monthly outgoings, free up additional cash and make it much easier to stay on top of your finances. It can also help ensure you preserve your credit score from damage, which may otherwise occur if your debts spiral out of control.

Will I Qualify for a Debt Consolidation Loan?

By their nature, debt consolidation loans are a popular facility for individuals and businesses facing financial difficulties. This is why many of the UK's leading debt consolidation specialists are happy to accept applications from individuals with a poor credit history or even a history of bankruptcy. Debt consolidation loans for bad credit applicants can be just as competitive as the conventional variety. The key to getting the best deal, irrespective of your circumstances, lies in conducting a comprehensive debt consolidation loan comparison with the help of an independent broker.

Call UK Bridging Loans Today

At UK Bridging Loans, we can help you choose the most appropriate option for a safe, simple and manageable financial future. We specialise in debt consolidation loans with no credit checks required which can be sourced from an extensive panel of specialist lenders across the UK or from our own funds. Use our convenient debt consolidation loan calculator for an overview of the available options, or call anytime for an obligation-free consultation.

How it Works

get-in-touch
Get in Touch

Clients approach UK Bridging loans either directly or via introducers. Basic questions by way of a “fact-finding” process are used by UK Bridging Loans to determine if the lending requirements are a possibility.

home-valuation
Fast Approval

An immediate yes or no answer is given and if suitable, a quotation is formulated and forwarded to the client, usually by email.

fast-approval
Formal Offer

A formal offer is produced for any client wishing to proceed and forwarded for signature, again, usually by email.

representative-visit
Representative Visit

Each client is visited at the security address for signature of the remaining loan paperwork, including a CH1, land registry charging order. We will also collect any additional pre-requested documentation.

underwriting
Dedicated Underwriting

The signed documentation is immediately sent to our underwriters. Our model is based on very quick completions as each deal is funded using all of our own money. On rare occasions we may request additional information.

access-funds
Payment of Funds

Average completion from initial acceptance to pay-out is usually just a few days. We rarely require valuations or additional legal representation. The land registry charge is removed once the bridging loan is repaid.

Who can use Bridging Finance?

people

Age

The applicant could be too old to obtain a standard high street mortgage as most mortgage lenders now prevent borrowing into what is deemed, “normal retirement age”.

property-condition

Property condition

The property may be in a condition where it is not suitable for mortgage finance and as such a Bridging Loan could be used to complete the purchase and any required work prior to refinancing.

credit

Credit

The applicant may have some adverse credit, however minor, which was previously acceptable to lenders but now no longer fits the high street lending criteria.

income

Income

The applicant may have difficulty proving income requirements needed for more regular finance. This may be due to poor self-employment records, a break from work or a reduction in self-employed workloads or overtime.

USPs

  • cloud Superfast Completion, Often Within Days
  • cloud Land, With or Without Planning
  • cloud 2nd Charge (consent not always required)
  • cloud Quick Auction Finance
  • cloud 3rd Charge (consent not always required)
  • cloud Adverse Credit Considered
  • cloud 2nd Charge Behind Bridging Lender
  • cloud 2nd Charge Behind Equity Release Lender
  • cloud Up to Age 85
  • cloud Pure Equity Based Lending
  • cloud Residential & Commercial
  • cloud Valuations Not Always Required
  • cloud Loans from £25,500
  • cloud Free Legal Option
  • cloud No monthly payments

Bridging Loan uses

Contact Us

Contact Details

pinBusiness Address: Office block 2, Kibworth Business Park, Kibworth Harcourt, Leicestershire, LE8 0EX

callTelephone:  0116 366 6338

Opening Hours

Mon - Thurs: 9am - 9pm

Fri: 9am - 5pm

Sat: 10am - 5pm

Sun: 11am - 5pm


For job vacancies please email us on jobs@ukpf.co.uk