A bridging loan is a short term secured loan that you can pay off usually within 12 months, but the term can be as shorter. They allow you to access funds whilst you are waiting on longer term financing but are designed to be paid off as soon as that money becomes available. This form of lending is high risk and therefore requires legal advice in understanding your liabilities as well as quick turnaround times.
Lilac Law will assist in reviewing all loan documents, ensuring legal aspects of the finance are in order protecting you throughout the bridging process. Our expertise will provide peace of mind and ensure a smooth transaction.