Like our bridging loans, at Lerwick Commercial Mortgage Corporation Ltd we can arrange for total flexibility with your repayments. We can arrange to tailor all repayments to suit your personal circumstances and there are many ways of achieving your requirements. Your bridging finance consultant is very experienced in dealing with all kinds of bridging loan requirements.
For example, payment holiday schemes where interest payments can be rolled up for an agreed set period and interest added to the initial advance. Alternatively, an agreed number of repayments can be added to the advance, which will be deducted on completion. Should the bridging loan term exceed the agreed payment-holiday, payments will resume monthly thereafter.
Payments are interest-only, due one month after the date of completion and monthly thereafter.
On all bridging loans, capital lump sums can be repaid which will reduce the capital balance outstanding and your monthly repayments.
Call us on 0871 200 4427
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.