Short Term Property Loans
Sometimes you might need finance urgently, and this is where a short-term property loan can be invaluable. Short term property loans are approved quickly and funds are disbursed quickly. Funding delays when seeking a traditional property loan or mortgage from a bank or similar financial institution can result in loss of deposit and other losses if a property settlement or sale of another property does not occur in a timely manner. Short term property loans are designed to mitigate these risks with the settlement of the loan occurring in days as opposed to weeks or even months.
What is a Short-Term Property Loan?
Short-term property loans are secured against assets and are used for a specific short-term purpose that is urgent in nature – a bridging loan is an example of this. They are considerably more expensive than traditional mortgage loans as they carry short time frames for repayment and this represents a higher level of risk to the lender. They incur higher interest rates.
Short-term property loans can be useful for:
- Capitalising on an opportunity that is time-sensitive to facilitate an urgent settlement
- Locking in the purchase of a property when the collateral property has yet to sell
- Settle an urgent loan to allow time to wait for approval and settlement of a cheaper loan
- “Non-conforming” clients who are not likely to be viewed favourably by traditional lending institutions
- Funding shortfall in a property settlement
- Paying builders/contractors
- Purchase of an investment property
This is where Universal Finance is an ideal option for you.
How Can Universal Finance Help?
Universal Finance is a South Australian-based finance company. As experts in our industry and with decades of experience, we are perfectly positioned to provide you with premium short-term property loans.
With Universal Finance, you can benefit directly from our expertise, experience, highly competitive interest rates, and comprehensive network of lenders to guarantee you get the loan solution you need in a timely manner.
Our application process for short-term property loans is simple and fast. Upon approval of your loan, you will receive the funds in your account quickly. We also customise our repayment plans to suit your individual circumstances and your budget.
Choose Universal Finance TODAY
Contact us today to discuss your requirements for a short-term property loan and discover how we can provide the solution that you seek.