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Determining the interest rate of bridge loans depends on a few factors.

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Determining the interest rate of bridge loans depends on a few factors.
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Determining the interest rate of bridge loans depends on a few factors.

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Brokers(4) | e-dennis.net

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When is a Bridge Loan Used? Stock brokers are part of the stock exchange, and specialise in providing investment advise and trading shares and bonds for their clients. Stock brokers are paid a commission for their services. Insurance brokers specialise in arranging for their clients insurance coverage at the best deal possible. Since insurance brokers are not affiliated with the insurance companies themselves, they represent the interest of their respective customers. Although high street banks tradition...

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Building Societies(1) | e-dennis.net

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When is a Bridge Loan Used? In general, building societies offer similar basic accounts and services. However, a society may have services available only in particular local areas, or for specific purposes. The Ecology Building Society, to cite an example, directs its funds towards loans and mortgages for projects with the specific purpose of restoring rundown houses and buildings, as well as projects that have an ecological benefit.

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When is a Bridge Loan Used? | e-dennis.net

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When is a Bridge Loan Used? When is a Bridge Loan Used? The amount of the bridge loan depends on the borrowers own needs, the lender, and the borrowers income. Many lenders will not give the full amount of the property and will offer a loan amounting to 70 percent of the property's worth. Standard bridge loans range from 1000 to 50,000.

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Brokers(3) | e-dennis.net

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When is a Bridge Loan Used? By definition, a broker is a company or individual that matches together buyers and sellers. They provide assistance in drawing up contracts and negotiating terms and conditions between both parties. For their services, brokers are generally paid a fee or a commission from the sale.

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Brokers(6) | e-dennis.net

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When is a Bridge Loan Used? Stockbrokers may be located online, by checking your local business directories, or through referrals by an IFA (Independent Financial Advisor). High street banks and buildings societies also provide facilities for trading in stocks and shares. Among high street banks, the following offer trading facilities to their clients:. Bank of Ireland (NI only). First Trust Bank/Allied Irish Banks. Lloyds TSB Group Plc. Royal Bank of Scotland.

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When is a Bridge Loan Used? Bridge Loan Terms of Payment. In a bridge loan, the borrower usually has to pay only the interest on the loan every month. This term continues until such time that the existing property is sold. Then, the proceeds from that property will be used to repay the principal. Bridge loans normally have higher interest rate compared to other kinds of loans. This is because bridge loans last just for a few months so the lender can only profit from the loan for a short period of time.

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