Short term funding solution for businessman


OUR SOLUTION I therefore suggested the solution of using a short-term funding solution in the form of bridging finance. This would enable my client to pay his tax bill, using the sale of his property as the exit strategy. As the property is unencumbered, I knew he would be able to borrow at under 50% loan to value, and therefore access the lowest rate of the lender I had in mind. This lender is cheap and fast, and I was able to secure my client a rate of 0.49% a month for twelve months. Additionally, this lender is able to roll the interest on top of the loan instead of retaining it.]]>