What are they?
Short Term Loans (STL) are often known as Bridging loans.
They are used to cover short term needs for finance and can be used for many different purposes.
They are secured, usually on a residential or commercial property .
The benefits of short term / bridging loans include:
- Finance quickly available
- Periods as short as 1 month
- Periods up to 2 years
- 1st or 2nd charge mortgage
- No ERC’s on certain products