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Guide to Residential bridging finance

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Guide to Residential bridging finance

Bridging finance exists to plug the financial gap for property transactions. It is commonly used with residential property purchases such as:

1. When a chain exists and the borrower wants to buy their next property before their existing one is sold.
2. When a buyer is purchasing a property from an auction
3. In any circumstance where the borrower needs access to rapid property finance, with the minimum of paperwork or hassle.
4. Where a residential property needs refurbishment before being sold.
5. Where a traditional mortgage cannot be taken out on a property, such as a residential property that is unfit for human habitation, pending remedial works. What sorts of features do residential bridging loans have?

Generous loan sums
Typically, residential bridging finance will be on offer from around £250k, depending on the lender, and up to £50 million or even more. Most bridging loans can also be taken out with a property LTV of around 80%. Other features such as open market valuations may be on offer.

Short timescales
Bridging finance is usually offered from one month to 18 months. These are not long-term loans, such as a mortgage, and the short timescale is reflected in the higher interest rate.

Offered on an experience basis
Many bridging loans are offered on receipt of a business case, redemption plan or other types of evidence that show how the finance will be used, what the plan is to repay it and that the plan for doing so is workable and in line with the lender’s risk profile. For example, more experienced property developers will naturally be able to borrow larger bridging loans at short notice than a first-time auction buyer. Speak to your broker to present your case in the best possible way, so that lenders can offer you the best deal. At Hans Zarihs we do this for all of our clients so that they can receive the right bridging loan offers for their needs. We are always clear, transparent and helpful – providing tailored illustrations and all necessary information to help with decision-making. Whatever queries you might have, we are here to assist.

Specialist lenders
Asking where can I get a bridging loan? The answer is probably with a specialist provider, accessed via a broker. Most residential bridging finance is offered via specialist brokers who work with a panel of property-focused lenders. This is a niche product that tends to be used by more experienced and sophisticated borrowers who are either developing their own property through auction or refurbishment means, who want to build a property portfolio or who are expanding a portfolio using a range of financial tools. A specialist broker, such as Hans Zarihs, will provide:

– Access to a large tried and tested panel of bridging finance lenders for residential bridging loans
– A rapid process with only a short form to receive initial quotes and offers
– Generous and flexible terms, designed around the customer
– A visible commitment to customer service
– Excellent reviews and a trusted track record.

Bridging finance: Tips for borrowers

Bridging loans are a specialty finance project and new borrowers should proceed with caution if they are new to property finance or development, or are unclear about the features of this short-term bridging finance product. Tips for success include:

Find the right bridging loan lender
Many borrowers will use a bridging finance broker because this type of product isn’t usually available through a high street lender. Look for a broker who can provide access to best in class lenders – many of whom will only offer finance through brokers and who don’t deal directly with customers. Find a broker with a large panel of trusted lenders and experience in the field. A fast process and ready access to funding, without lots of paperwork or hassle, is also crucial for most borrowers!

Calculate fees
Look out for a bridging finance provider that offers options for zero exit fee bridging loans. Exit fees can be expensive and are charged on top of the bridging finance administration fee and interest charges. Use the online bridging loan calculator at Hans Zarihs to see the effect that different interest rates, loan terms, and fees have on the total cost of borrowing. This total cost is important when weighing up different products.

Check for flexible bridging finance features
Look out too for flexible features such as the ability to roll over, deduct or service interest payments depending on your needs. Open and closed bridging finance deals may also be of interest to you, depending on whether you expect to be receiving sale proceeds or a mortgage income at a certain defined point, or you wish to keep the bridging loan facility open on a more flexible basis, pending confirmation of your redemption arrangements.

Look for great service
A good bridging loan broker or provider will always be committed to great customer service and will take the time to explain unfamiliar terms and to ascertain your individual needs in order to provide the right product. At Hans Zarihs, we only need a few minutes to gather all relevant information in order to send you an instant range of bridging loan quotes from a large panel of tried and tested lenders. The finance process is then extremely quick and we manage it for from start to finish, packaging up your application and managing the paperwork for your lenders so that you don’t need to spend lots of time on form-filling!

Speed and efficiency
We have also invested in the latest digital systems that allow us to operate on a slick, efficient and fast basis for the benefit of our customers. Not only does it just take around 20 minutes to return your personalized list of bridging loan quotes from our panel, once you submit your needs, but your finance can be made available in as little as 3 days, depending on the lender that you prefer and the bridging finance product that best suits your needs. We strive to be as rapid and as efficient as possible at all times, smoothing the process with our expertise and experience so that your funds will be with you as soon as possible. If the standard 3-7 day turnaround time isn’t quick enough for your project, please get in touch anyway and we will see what is available!

Contact us
Ready to apply for bridging finance or to find out more about bridging loans that might suit your next project? Contact our helpful team of finance experts now for an instant and no-obligation tailored illustration of the loans available to you.

BUSINESS

Classic Roofing & Construction

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Classic Roofing & Construction

Classic Roofing & Construction, a commercial roofing contractor situated in Hurst, Texas, and serving all of North Texas, has been delivering high-quality roofing services to citizens of Texas since 2000. We are delighted to install or repair nearly any type of roof. Classic Roofing & Construction offers skilled artisans that have the skills and training to satisfy all of your roofing requirements.

James Koiner and Shane Courville co-own Classic Roofing & Construction, a veteran-owned business.

We specialize in the existing house and business re-roofing as well as repairs. We provide the following services:

  • Asphalt shingle roof installation and repair, slate roof installation and repair, shake roof installation and repair, and tile roof installation and repair.
  • Custom copper roofs, flashings, and gutters are made and installed.
  • Flat roof installation and maintenance, including built-up, PVC, modified bitumen, and single ply roofs.
  • With custom tapered insulation, we can decrease standing water on flat roofs.
  • We can evaluate yourroof and provide you a thorough maintenance program.
  • We give free, no-obligation roof assessments.

Our Services

At CLASSIC ROOFING & CONSTRUCTION, we take pride in giving our customers high-quality roofing services that are suited to their individual requirements. We are open 24 hours a day, 7 days a week to take your order. Our workers are pleasant, professional, and efficient.

We provide a wide range of services, including:

Roofing for houses

As a homeowner, a quality roof may give peace of mind by sheltering your family and possessions from the terrible weather that Mother Nature can dish out. As a result, CLASSIC ROOFING & CONSTRUCTION provides low-cost roof repair or roof replacement that will last for decades.

We also provide a number of services that will accent the aesthetic of your new roof and increase the curb appeal of your home’s exterior. And remember, we always give all of the materials necessary for the project, we always clean up after ourselves down to the last nail, and aside from the great-looking work, you’ll never know we were there when we’re done.

Inspections are entirely free

A roofing project, whether it is a new roof, a replacement roof, or roof repair, is a substantial financial investment for a homeowner. CLASSIC ROOFING & CONSTRUCTION’s polite and knowledgeable staff recognizes that obtaining a new roof may be a difficult and stressful procedure. To minimize misunderstanding, our roofing professionals will outline the work necessary for your task and go over your alternatives.

Damage from storms and hail damage

The most significant hazards to your roof are typically weather-related. Serious weather, such as high winds and hail, may inflict severe damage to your roof’s shingles. While the endurance and durability of such shingles have increased year after year, not all shingles are made equal, nor are they as resistant to severe weather and storm damage.

In terms of severe weather conditions, each shingle is rated differently, hence expenses vary considerably. Homeowners make insurance claims on their roofs for a number of reasons, including hail and wind damage. CLASSIC ROOFING & CONSTRUCTION has the knowledge and experience to totally repair, restore, and/or replace your roof.

Insurance Reimbursement

Severe weather or fallen trees may cause considerable damage to your property, so it’s essential to pick the finest repair and replacement alternatives. CLASSIC ROOFING and CONSTRUCTION will aid you in navigating the damage repair procedure. Our friendly team will assist you with the repairs component of your insurance claim in a fast and professional manner.

Roofing for Businesses

If you manage a business, you understand that authenticity differentiates you out from rivals – and at CLASSIC ROOFING & CONSTRUCTION, we abide by the same ethos. As a consequence, we deliver excellent craftsmanship and service that is second to none. We realize that your time is essential and that you should be spending it managing your business rather than worrying about your roof. You may be certain that CLASSIC ROOFING & CONSTRUCTION has everything essential to get you out of the rain and back to work as quickly as possible.

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Best Crypto Exchanges of 2022 – Official Bitcoin Profit (app) Review

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Best Crypto Exchanges of 2022 - Official Bitcoin Profit (app) Review

Coming to a very popular question “what is the best crypto exchange services?” and after a deep research with our professional team we found a very interesting app which bypass the classic search process for reviews online and connect traders or investors with best exchange/trading services instantly. With a global market capitalization of $2.31 trillion, cryptocurrencies have certainly hushed all naysayers and established themselves as reliable means of exchange.

Decentralized finance is here to stay, but for a new investor or anyone just starting, finding the right platform to trade or knowing how best to initiate transactions for profit can prove to be a mind-boggling task.

However, while hours of online research might only compound the frustration by providing unreliable and inaccurate information, there exists one revolutionary option that promises to be just what every crypto trader needs to get ahead.

Meet The Bitcoin Profit (app):

Although not a trading platform, Bitcoin Profit offers a comprehensively new approach to cryptocurrency trading that guarantees everyone, whether seasoned or new to crypto, the opportunity to easily make profits securely and reliably.

It helps traders make smarter choices that ultimately lead to securing more lucrative returns, which in turn make for a happy trading experience.

How It Works:

Bitcoin Profit (app) matches traders and investors with professional brokers in their GEO location. A team of highly specialized individuals scout for top brokers with proven records and a wealth of experience behind them in crypto trading.

These top brokers are onboarded to the platform where they then offer expert guidance to new traders as well as live training sessions where they share their secrets and trade strategies.

Get Started:

To sign-up through Bitcoin Profit (app), a new user simply needs to fill the online form on the company’s website with their name and email address, and also provide an active mobile number.

A Bitcoin Profit representative will place a call through to discuss strategies and ask about specific financial goals.

Features:

Asides from its intuitive design that makes navigation seamless and satisfying, the Bitcoin Profit (app) also packs some amazing features that set it apart from other platforms and make it one of the best crypto exchanges of 2022.

The app is armed with powerful 256-bits AES encryption protocols that guarantee uncompromising security. And also issues real-time notifications on key market moves through instant emails and SMS updates.

It runs on dedicated servers that ensure 100% uptime so automation of trade with its professional-grade tools is never affected. Deposits and withdrawals can be concluded in seconds and the in-built fund management options are the perfect tools available for growing long-term investments.

Testimonials:

“Thank you… I have not had experience in investments and online trading….. My financial situation started changing for good after getting connected with your private broker. Received direct training by phone and live stream, different unique e-books, videos, which make me understand the market clearly now. By following your instructions my little investment of $250 is growing day by day. Incredible but true… cheers!” – Kathleen.

“I was a little suspicious at first because I had bad experiences trading cryptocurrencies by trying different strategies, indicators, and automated systems. Only my best friend convinced me to retry with your service guys. (it’s a hidden goldmine) and yes in my trading account I have $8,729 after 42 trading days with an investment of $300 (Hope you stay alive forever thank u!” – Markos Jento (Graphic Designer).

“Bitcoin profit app connected me with the best broker in Kuwait. I started with an investment of $1000, now after 1 month I have $11,204 in my balance and I received the first withdrawal of $5,000 into my bank account. My manager and his financial team helped me with a very profitable strategy. Nice to meet you guys.” Sam (Engineer).

The Bitcoin Profit (app) is the one-stop shop for everything crypto. And with professional signals from a team of seasoned and dedicated crypto-traders with an impressive 89% accuracy, there isn’t anything more anyone can find anywhere else.

###

For more information, please contact:

Bitcoin Profit (app)

Herald Jones

12 Aldermans Hill, Palmers Green, London N13 4PJ, United Kingdom

+447451277972

[email protected]

London

United Kingdom

https://www.bitcoinprofit.app/

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How an Online Letting Agency can Prove Beneficial for Me? | Oasis Living

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How an Online Letting Agency can Prove Beneficial for Me? | Oasis Living

Most probably, you are here because you may have heard about the online letting agent, but you are not well aware of the remarkable benefits that an online letting agent can offer to you, right? If yes, then you are absolutely at the right place. Here you’ll get to know about how an online letting agent can prove beneficial to you. If you are confused about whether you should choose such an agent or not, keep scrolling down to get all your answers!

#1. Cost-Effective Solution

If you consider a high street real estate agent to sell your property, it usually charges a 1.5% portion of the amount you get from the buyer. It’s a considerable amount. Instead of that, online letting agents only cost fixed money. So you don’t need to break your bank to pay their fees. Moreover, if you want to upload your ads on premium rental sites like Zoopla or Rightmove, an online letting agency will also cut down your expenses on uploading your ads there. So choosing an online letting agent is an innovative, economical choice!

#2. Reliable Services

When you upload your ads on any online letting agency, they efficiently add them to the best rental sites. You don’t need to visit the agents; all you need is to approach them online. Online letting agents have solutions to all your problems; they can handle all your concerns no matter where they are. It will save your efforts, time and of course money.

#3. Affiliation with Premium Rental Sites

As a clue about rental sites is given above, the main goal of rental sites is to advertise your property so anyone can approach it. The best advantage of contacting an online letting agency is their affiliation with such premium rental sites. Some good online rental sites are costly but provide instant results. But many people can’t approach them due to high prices. No worries! An online letting agent will make sure to add your ads on that sites to make renting easier for both landlords and tenants.

 #4. Direct Communication with Buyers

Another main advantage of hiring an online letting agent is direct contact with the buyers. Suppose you contact a local estate agent; a lot of your time will be wasted chasing them and asking about buyers’ responses. But in the case of considering an online letting agency, you can talk and negotiate with the buyer without any hurdle. 

#5. Multiple Properties Options are Just One Click Away

Online letting agents provide you with plenty of renting properties options. You can see hundreds of available options in just a few minutes and don’t need to go to see the property personally. Online letting agents are very good at property management. You can get the required property of desired location and rent by comparing different options.

Some Additional Benefits of Online Letting Agents

  • They are available 24/7.
  • They fulfill legal obligations.
  • They kept an eye on identity checks.

Verdict

Hopefully, now everything is crystal clear, and you know what you should do now. Surely, contacting an online letting agency like Oasis Living is the best way to let property in the UK. Oasis Living is one of the best PropTech companies in the UK.

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