{"id":71338,"date":"2018-02-24T08:15:26","date_gmt":"2018-02-24T08:15:26","guid":{"rendered":"https:\/\/uk-bridgingfinance.co.uk\/?page_id=71338"},"modified":"2018-04-17T17:49:49","modified_gmt":"2018-04-17T17:49:49","slug":"open-bridging-loan","status":"publish","type":"page","link":"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/","title":{"rendered":"Open Bridging Loan"},"content":{"rendered":"<p>[vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1445094705330{margin-bottom: 0px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1444994576899{margin-bottom: 35px !important;}&#8221;][vc_column_text]<\/p>\n<h4>Secure the most affordable Open Bridging Loan to drive your ambitious commercial projects towards completion.<\/h4>\n<h4>Open Bridging Finance for all UK businesses.<\/h4>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1444994585214{margin-bottom: 35px !important;}&#8221;][vc_single_image image=&#8221;71481&#8243; img_size=&#8221;full&#8221; add_caption=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_column_text]<\/p>\n<h2>Open Bridging Loans \u2013 Flexibility to Suit Your Requirements<\/h2>\n<p>Bridging loans offer a great way for businesses to keep the wheel of progress turning.<\/p>\n<p>A business is only as healthy as its growth rate. To keep this growth rate climbing upwards, it becomes imperative for every business to find new avenues of expansion. This, needless to say, isn\u2019t possible without spending extra capital.<\/p>\n<p>At times, however, the lack of readily available capital can immediately stop such a project right in its tracks. This is when a bridging loan can be immensely helpful.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_separator color=&#8221;#e2e2e2&#8243; type=&#8221;normal&#8221; thickness=&#8221;1&#8243; up=&#8221;&#8221; down=&#8221;&#8221; el_class=&#8221;dotted&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505155795{margin-bottom: 0px !important;}&#8221;][vc_column][vc_column_text]<\/p>\n<h2>What is an Open Bridging Loan?<\/h2>\n<p>An open bridging loan or an open bridging finance package is a bridging loan that doesn\u2019t have a fixed repayment date.<\/p>\n<p>Characteristic of an open bridging loan are:<\/p>\n<ul>\n<li>Being a bridging loan, it is typically a short-term mortgage.<\/li>\n<li>The agreement for an open bridging finance package is drawn without a fixed exit date in place.<\/li>\n<li>Open bridging loans carry inherently greater risks for the lender.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_separator color=&#8221;#e2e2e2&#8243; type=&#8221;normal&#8221; thickness=&#8221;1&#8243; up=&#8221;&#8221; down=&#8221;&#8221; el_class=&#8221;dotted&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505155795{margin-bottom: 0px !important;}&#8221;][vc_column][vc_column_text]<\/p>\n<h2>Why do Businesses Need an Open Bridging Loan?<\/h2>\n<p>There are many situations in which open bridging finance can be the most favourable option for businesses. The underlying reason that a business may choose to take an open bridging loan is the uncertainty over the execution of the exit strategy.<\/p>\n<p>Let\u2019s consider an example to better illustrate this uncertainty.<\/p>\n<h4>Example<\/h4>\n<p><i>Let\u2019s say that a business currently houses its operations in a city warehouse. As the business expands, the available floor space doesn\u2019t suffice. So, it makes more sense for the business to move to a larger, cheaper warehouse away from the business district. As the need to expand is pressing, the business may wish to immediately purchase the new warehouse property.<\/i><\/p>\n<p><i>However, funds required for the same can only be arranged by selling the existing warehouse. This sale, again, isn\u2019t always straightforward. The entire process may stretch over weeks, if not months. In such a scenario, the business can choose to apply for an open bridging loan, provided that the lender is satisfied with having to account for this uncertainty.<\/i>[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_separator color=&#8221;#e2e2e2&#8243; type=&#8221;normal&#8221; thickness=&#8221;1&#8243; up=&#8221;&#8221; down=&#8221;&#8221; el_class=&#8221;dotted&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505155795{margin-bottom: 0px !important;}&#8221;][vc_column][vc_column_text]<\/p>\n<h2>How does Open Bridging Finance Work?<\/h2>\n<p>Open bridging finance works just like any other bridging loan. Please visit <a href=\"\/how-it-works\/\">this page<\/a> to learn more about how bridging loans work, and how Commercial Finance Network can help you secure the most affordable bridging finance package.<\/p>\n<p>Open bridging loans are structured around the repayment potential of the borrower, rather than the repayment date. So, in a sense, taking an open bridging loan is akin to extending your line of credit.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_separator color=&#8221;#e2e2e2&#8243; type=&#8221;normal&#8221; thickness=&#8221;1&#8243; up=&#8221;&#8221; down=&#8221;&#8221; el_class=&#8221;dotted&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505155795{margin-bottom: 0px !important;}&#8221;][vc_column][vc_column_text]<\/p>\n<h2>Open Bridging Finance \u2013 Convenient, But More Expensive<\/h2>\n<p>Open bridging finance lacks the foundation of undisputed collateral that other bridging loans enjoy. Even if a property is put up as a collateral, lenders aren\u2019t too keen on dealing with the consequences of foreclosure. Hence, quite naturally, only specialist lenders entertain open bridging finance applications.<\/p>\n<p>Another repercussion of the uncertain exit strategy is that open bridging loans typically carry higher interest rates than other bridging finance products.<br \/>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_separator color=&#8221;#e2e2e2&#8243; type=&#8221;normal&#8221; thickness=&#8221;1&#8243; up=&#8221;&#8221; down=&#8221;&#8221; el_class=&#8221;dotted&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221;][vc_column][vc_column_text]<\/p>\n<h2>Open Bridging Loans \u2013 Weighing the Pros and Cons<\/h2>\n<p>Let\u2019s assess the comparative advantages and disadvantages associated with open bridging finance.<\/p>\n<h4>Advantages<\/h4>\n<ul>\n<li>Flexible repayment options<\/li>\n<li>Flexible loan tenure<\/li>\n<li>Best suited for property acquisition projects<\/li>\n<\/ul>\n<h4>Disadvantages<\/h4>\n<ul>\n<li>Higher interest rates<\/li>\n<li>Fewer lenders<\/li>\n<li>Longer processing times<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_separator color=&#8221;#e2e2e2&#8243; type=&#8221;normal&#8221; thickness=&#8221;1&#8243; up=&#8221;&#8221; down=&#8221;&#8221; el_class=&#8221;dotted&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221;][vc_column][vc_column_text]<\/p>\n<h2>Open Bridging Loan Offers Curated from UK-wide Lenders<\/h2>\n<p>Commercial Finance Network, being a veteran commercial finance broker, has access to a diverse panel of UK-wide lenders that specialise in open bridging finance.<\/p>\n<p>Stop having your open bridging loan applications turned down by lenders \u2013 let us take the charge of the proceedings. <a href=\"\/contact_us\"><b>Get in touch with us<\/b><\/a> to arrange a prompt call back today![\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1445094705330{margin-bottom: 0px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1444994576899{margin-bottom: 35px !important;}&#8221;][vc_column_text] Secure the most affordable Open Bridging Loan to drive your ambitious commercial projects towards completion. Open Bridging Finance for all UK businesses. [\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1444994585214{margin-bottom: 35px !important;}&#8221;][vc_single_image image=&#8221;71481&#8243; img_size=&#8221;full&#8221; add_caption=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;container&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; css=&#8221;.vc_custom_1444505165647{margin-bottom: 0px !important;padding-top: 10px !important;}&#8221;][vc_column][vc_column_text] Open Bridging Loans \u2013 Flexibility to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":73,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.6 (Yoast SEO v21.8.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Open Bridging Loan - Whole of Market Commercial Bridging Finance<\/title>\n<meta name=\"description\" content=\"Open Bridging Loan available from whole of market specialist Bridging Broker. Secure the most affordable Open Bridging Loan to drive your ambitious commercial projects towards completion. Open bridging finance for all UK businesses. Best Open Bridging Loans rates from all UK Bridging Lenders.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Open Bridging Loan\" \/>\n<meta property=\"og:description\" content=\"Open Bridging Loan available from whole of market specialist Bridging Broker. Secure the most affordable Open Bridging Loan to drive your ambitious commercial projects towards completion. Open bridging finance for all UK businesses. Best Open Bridging Loans rates from all UK Bridging Lenders.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/\" \/>\n<meta property=\"article:modified_time\" content=\"2018-04-17T17:49:49+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/\",\"url\":\"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/\",\"name\":\"Open Bridging Loan - Whole of Market Commercial Bridging Finance\",\"isPartOf\":{\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/#website\"},\"datePublished\":\"2018-02-24T08:15:26+00:00\",\"dateModified\":\"2018-04-17T17:49:49+00:00\",\"description\":\"Open Bridging Loan available from whole of market specialist Bridging Broker. Secure the most affordable Open Bridging Loan to drive your ambitious commercial projects towards completion. Open bridging finance for all UK businesses. Best Open Bridging Loans rates from all UK Bridging Lenders.\",\"breadcrumb\":{\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uk-bridgingfinance.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bridging Loan Services\",\"item\":\"https:\/\/uk-bridgingfinance.co.uk\/services\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Open Bridging Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uk-bridgingfinance.co.uk\/#website\",\"url\":\"https:\/\/uk-bridgingfinance.co.uk\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uk-bridgingfinance.co.uk\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Open Bridging Loan - Whole of Market Commercial Bridging Finance","description":"Open Bridging Loan available from whole of market specialist Bridging Broker. Secure the most affordable Open Bridging Loan to drive your ambitious commercial projects towards completion. Open bridging finance for all UK businesses. Best Open Bridging Loans rates from all UK Bridging Lenders.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/","og_locale":"en_GB","og_type":"article","og_title":"Open Bridging Loan","og_description":"Open Bridging Loan available from whole of market specialist Bridging Broker. Secure the most affordable Open Bridging Loan to drive your ambitious commercial projects towards completion. Open bridging finance for all UK businesses. Best Open Bridging Loans rates from all UK Bridging Lenders.","og_url":"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/","article_modified_time":"2018-04-17T17:49:49+00:00","twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/","url":"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/","name":"Open Bridging Loan - Whole of Market Commercial Bridging Finance","isPartOf":{"@id":"https:\/\/uk-bridgingfinance.co.uk\/#website"},"datePublished":"2018-02-24T08:15:26+00:00","dateModified":"2018-04-17T17:49:49+00:00","description":"Open Bridging Loan available from whole of market specialist Bridging Broker. Secure the most affordable Open Bridging Loan to drive your ambitious commercial projects towards completion. Open bridging finance for all UK businesses. Best Open Bridging Loans rates from all UK Bridging Lenders.","breadcrumb":{"@id":"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/uk-bridgingfinance.co.uk\/services\/open-bridging-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uk-bridgingfinance.co.uk\/"},{"@type":"ListItem","position":2,"name":"Bridging Loan Services","item":"https:\/\/uk-bridgingfinance.co.uk\/services\/"},{"@type":"ListItem","position":3,"name":"Open Bridging Loan"}]},{"@type":"WebSite","@id":"https:\/\/uk-bridgingfinance.co.uk\/#website","url":"https:\/\/uk-bridgingfinance.co.uk\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uk-bridgingfinance.co.uk\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/pages\/71338"}],"collection":[{"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/comments?post=71338"}],"version-history":[{"count":9,"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/pages\/71338\/revisions"}],"predecessor-version":[{"id":71668,"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/pages\/71338\/revisions\/71668"}],"up":[{"embeddable":true,"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/pages\/73"}],"wp:attachment":[{"href":"https:\/\/uk-bridgingfinance.co.uk\/wp-json\/wp\/v2\/media?parent=71338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}