|
Compare
|
A3 | Cabriolet | Sportback | 1.6 TDi | Quotes
Bridging finance tends to work on an interest only basis, whereby you only pay interest payments until you clear the amount borrowed in full. This means there are no early repayment penalties, however, you should find that most bridging has a maximum term of 12 months. Do not enter into any short term bridge loan agreements if you are unsure as to whether or not you can pay the amount within a set time frame, and you should by mindful of that the quicker you pay it off the less in interest you pay.
Short term loans
Short term loans can be used for any purpose, however you have to be aware of the two types of lenders when it comes to a bridge. There are regulated and unregulated lenders. The main difference being that an unregulated lender cannot let you stay on or live in the property you are using as security, whereas a regulated lender can. Short term loans companies that are regulated are done so by the FSA, the Financial Standards Authority which is a UK Governmental department. If you feel you have been mistreated by a short term loans company then you should contact the FSA immediately.
|
||||||||||||||||||||||||||||
|
(C)2011 by www.a3lease.co.uk. All Rights Reserved. |