For some time now I have been helping borrowers that took bridging loans and ended up with problems as a result. While in theory bridging loans are fairly simple in their construction, there is plenty of opportunity for them to go wrong. Some are regulated, others are not, some aspects can become part of “Unfair Relationships”, others not. The pricing of some would be considered ‘fair’ on other bridging loans not. How about compounded interest? How about whether the loans were taken by an individual, or a company. Its all fairly thick fog.
I have decided therefore that I am going to write a series of articles, on LinkedIn and on my own website (www.bankingexpertwitness.co.uk) on the subject of bridging loans. Then, if anyone out there needs any help, or has any questions, hopefully my posts will assist them.
#bridgingloans #bridgingloanproblems