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The law and practice relating to bridging finance can, however, be a complex area, and it is vital to seek legal advice to clarify your exact position before making a final decision. Ackroyd Legal is a leading London law firm with a dedicated team of in-house business and corporate law specialists. We have diverse experience in this area and can provide straightforward advice on all of the options, tailored to the circumstances and the needs of your business.
Every case is different and as such, each individual will have different plans and aspirations regarding asset management and financial planning. Some people are saving for retirement or to support their family; others for ongoing commercial development purposes. Whatever your situation, we will be able to help you.
It may also be used when money is needed upfront in relation to a particular transaction. This may be an attractive option for many small-to-medium-sized businesses, because it has the potential to provide an instant cash injection when funds are needed to cover a short-term, interim period, usually for around two years or less.
Bridging finance can be used in relation to both commercial and residential property transactions and may be obtained from a number of finance companies, with certain high street lenders now also offering this service. Many will require you to seek independent legal advice before taking out bridging finance and in any event, it is important to consult a specialist solicitor in order to fully appreciate all of the implications of this option.
Every case is different and as such, each individual will have different plans and aspirations regarding asset management and financial planning. Some people are saving for retirement or to support their family; others for ongoing commercial development purposes. Whatever your situation, we will be able to help you.
We are a large firm offering a full range of legal services, and can, therefore, offer ongoing advice, support and representation in relation to all aspects of your business, including commercial property transactions.
Please contact us without obligation for more information, and we will be very happy to help you.
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Ackroyd Legal is a trading style/name of Ackroyd Legal (London) LLP , which is authorised and regulated by the Solicitors Regulation Authority, SRA No. 554585 and is a LLP registered in England & Wales, Company No. OC360125; VAT no. 445717436;
