As financial analyzes the program and you can possessions valuations, they accept brand new bridging loan
The brand new broker submits an application towards the bank, explaining their financial situation, the purpose of the connecting loans, while the properties mixed up in exchange.
The lending company performs a valuation out-of both latest assets (to appear) plus the brand new assets (become purchased or developed). So it valuation decides the present day field beliefs of those features.
Bridging Amount borrowed = The new Property Rates + Existing Financial Balance + charge and interest ? Weiterlesen