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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

Preventive Maintenance Tips For Residential Plumbing Systems

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Preventive Maintenance Tips For Residential Plumbing Systems

Understanding how your home’s plumbing system works and doing preventive maintenance can be extremely helpful in avoiding minor nuances such as small leaks to major problems like burst pipes altogether.

Start Caring For Your House’s Plumbing System Now 

To get started, it’s recommended to have a basic knowledge of almost everything in your plumbing system. Usually, it may include having general knowledge of everything that uses water in your house such as the sinks in your laundry room, bathroom, and kitchen as well as your appliances like washing machines and cloth dryers.

Being knowledgeable with all of these can easily help you pinpoint the possible root causes of plumbing issues your household may encounter. Plus, you’ll be able to provide better maintenance to your plumbing system for it to last longer. To know more information on how to handle your plumbing concerns, visit the PlumbCorp Plumbing website and other related references available online.  

Whether you’re planning to do-it-yourself (DIY) your way through or hire professionals to do the job for you, below are some of the preventive maintenance tips you should always take note of in caring for your house’s plumbing. 

  1. Check Your Plumbing System’s Water Pressure Regularly

One of the ways to keep your plumbing system in good condition is to ensure that the water pressure in your property is at an optimum level at all times. You may test your system’s water pressure using an instrument called a pressure gauge. To ensure that your home’s pressure stays at a safe level, use and install a pressure regulator.

You can also enhance the water pressure by cleaning shower heads for they may possibly be filled with sediments that decrease the flow of water. Having better water pressure in your showers and taps means having an efficient plumbing system. Inconsistent pressure in your faucets may result in them bursting out of nowhere and other related concerns.

  1. Look For Plumbing Problems And Fix Them Early

Small plumbing issues have a way to eventually develop into big-ticket plumbing problems if they’re left unchecked. What started as a small manageable leak that’s easy to repair can grow into a big pipe issue that may cause serious water damage and require expensive repairs. Thus, it’s always better to perform preventive checks early on rather than patching up solutions to issues later on. 

Issues such as standing water that’s left in the pool, for example, may attract mold. This can be harmful, so if you’ve noticed standing water or leaks, resolve them immediately. Fixing leaks as early as possible can save you money in the long run. This is because dripping faucets or showerheads may waste more water and could add up to your monthly bills.

  1. Use Metal Showerheads And Faucets

It’s advised to pay attention to the quality of materials of your showerheads, faucets, and other components of your residence’s indoor plumbing. While it’s okay to choose plastic-made items because they’re cheaper, they’re believed to be prone to water leakage eventually. When compared to showerheads and faucets made from plastic materials, ones made from copper, brass, or bronze are said to be highly resistant and durable to corrosion and leaks.

  1. Locate Your Shut-Off Valve

If you notice lots of water pouring out of your toilet or if you like to work on your plumbing system by yourself, you’ll need to shut down the main water supply source in your home. In this case, you should know where your plumbing’s shut-off valve is. Once you know its whereabouts, it’ll be much easier for you to perform your maintenance schedule for your plumbing system.

  1. Determine What Type Of Pipes You Have

If your property was constructed decades ago, its pipes are most likely made out of materials like galvanized iron which is prone to leaking and rusting. Water running through rusted pipes may carry with them harmful foreign bodies which render the water unsafe for human consumption. 

To know what water pipe types you have on your property, you can pay a licensed plumber to know what they’re made of and their current condition. Depending on the pipes’ make, you’ve got to get them looked at regularly by professionals to ensure they stay clear, clean, and safe to use.

  1. Follow A Maintenance Schedule

Another preventive maintenance tip you should never forget for your plumbing system is to set a regular schedule for maintenance checks. It’s easy to spend most of your free time on other tasks at home, but if you have a schedule in place you’ll quickly remember about your regular plumbing maintenance.

With a maintenance schedule, you won’t only be able to catch small problems before they become bigger. But also, you can track your inspections or any repairs done on your residential plumbing.

  1. Check All Appliances And Exposed Pipes For Water Leaks

Your refrigerator, disposal, or water heater can all be sources of leaks. Look at the requirements of the brands to maintain your appliances. Check for any visible signs of leaks, such as puddles of water and water stains on the ceiling or walls. 

To limit the damage of leaks, have a drip tray under your washing machine or water heater to serve as a catch basin for residual water. Have the collected water removed on a regular basis to prevent mosquito larvae and other harmful microorganisms from forming in them? 

Conclusion

If you want your plumbing system to last, performing preventative maintenance can help you avoid undertaking major repairs in the long run. If you don’t know where to start and what to consider, don’t forget to keep the abovementioned tips in mind and always hire professionals to help you deal with major plumbing issues. 

While other repairs can be done on your own, hiring plumbing experts can make a difference as they have the skills and years of experience to properly manage and forward lasting solutions to your residential plumbing woes. 

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Installing A Drawer Yourself: What Are The Steps?

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Installing A Drawer Yourself: What Are The Steps?

Even though there are a lot of options for putting up 10-inch drawer slides, we usually settle on all-around ball-bearing slides. The drawer doesn’t tip out or restrict as we would find with other models. They are also easy to introduce, so they are ideal.

Follow along with this DIY Drawer tutorial: notable saw or switch required and learn all the fine details along the way. Please read the following instructions.

Note the drawer slides position

The drawer floor is 814″ high, so close to each side divider you should mark a measurement of 814 crawls. Make sure the dividers are level on each mass inside the bureau by using the impressions and a straightedge. Each line should be etched seven-eighths of an inch from the edge of the bureau. The inset of 1/8-inch allows space for both the thickness of the drawer front and the thickness of the drawer back.

Place the slides in their proper positions

With the line in front of you, align the bottom edge of the 10-inch drawer slides. The slide should be positioned behind the marked sign toward the heart of the bureau.

Let’s get started with the slides

In order to see both screws opening arrangements for the slide, please push the extension forward after the slide is immovably set up. By using a drill/driver, make shallow pilot holes in front and behind a single screw opening. The slide can be mounted inside the bureau by screwing the screws provided. Similarly, the next drawer slide needs to be installed on the opposite side of the desk using steps 2 and 3.

Make a print on the drawer sides

Using a pencil, draw a line along with the dividers on the compartment’s sides. A straightedge should be used to draw straight lines on each side of the drawer box.

Put the slide in the proper spot

Separate the slide from each drawer, and place it on the side on which the drawers are stacked. Orient the 10-inch drawer slides flush with the drawer box so that they are centered.

Put the drawers into the slides

Drill a hole in the drawer and screw in the 10-inch drawer glides using the driver and screws provided.

Attach the drawer

Adjust the drawer so that it is level with the desk. There is a drawer slide inside the bureau that is attached to the drawer track. By gently pressing both sides of the drawer, it will slide into place.

Although the drawer might sometimes have issues gliding back and forth when the slides are locked in, it should generally glide back out again as soon as the slides are unlocked.

Affix the drawer front to the drawer

To finish the drawer box, the wood paste should be applied. Make sure the top and side edges of the holes are in the same place on the drawer front. Clasps should be used to attach the drawer front to the drawer box.

Join the drawer front

When installing the drawer, carefully open the drawer and insert the bolts through the openings and onto the drawer front.

For more information please visit Some Tips To Improve Your Kitchen’s Efficiency

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How To Earn Money Via Internet & A Sneak Peak At Affiliate Marketing

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Online platforms are helping more companies reduce overall costs and expand their reach. Technology advancement and long distance work patterns are also responsible

Online platforms are helping more companies reduce overall costs and expand their reach. Technology advancement and long-distance work patterns are also responsible for allowing this and other job openings to occur.

The internet is also being used by some to advertise their brands online through an online presence. It means anyone can show their talents through different online stages and earn enough money to pay their bills. Thus, there are more opportunities than ever for making money online.

If you are interested in taking a stab at something, you can read this article. By the end of this post, you’ll learn how to make money online. For more detail please visit our website https://mylead.global/en

Online Money Making: 10 Simple Ways

Nowadays, almost everything on the internet is accessible, no matter where you are or what device you use. Online jobs and companies are appealing to those searching for a side gig or a way to achieve painless income. The following approaches will help you make money online rapidly:

  1. Conduct a site audit. Provide feedback on sites so they can improve their convenience.
  2. Give an overview of book recordings. As a storyteller, you will work with creators.
  3. Provide used clothing for sale. Recycle things in dress shopping centers to earn fast cash.
  4. Take out a room rental. Make visitors feel at ease by providing a comfortable space to stay.
  5. Games and programming can be tested. Providing engineers with insights into their programming project’s client’s experience will help them.
  6. Photographs and films for sale. This is a great tool for artists and videographers looking to automate their profits.
  7. Provide recycling services. This online money making technique is yet another approach that does not require significant investment.
  8. Take notes on your schoolwork and sell them. Most common among students who want to pass their classes and earn money.
  9. Work on school projects. A good option for people who have limited special abilities and little energy.
  10. Creating and making. Your designs can be sold on a commission basis or your workmanship can be sold.

Here’s A Quick Overview Of Affiliate Marketing

Affiliate marketing: what does it mean?

Affiliate marketing allows affiliate marketers to earn money by helping to sell or market other companies products. An affiliate finds something they are enthusiastic about, recommends it afterward, and earns a percentage of all sales they generate. The sites are affiliated with different companies that are following deals on their own websites.

Affiliate marketing: How Does It Work?

It lets companies benefit from the skills of several affiliates to create a more effective marketing strategy while paying affiliates a share of the profits. Affiliate marketing works because it divides the advertising and production costs among multiple parties. This can only succeed if three conditions are met:

  • Dealers and makers of various items.
  • Publicists and affiliates.
  • A buyer

For more information about Affiliate marketing please visit https://www.bloglovin.com/@brandigates/affiliate-marketing-what-it-is-how-you-can

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