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New bridging loan launched by Genesis

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  • 14/03/2002
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Genesis Home Loans has launched a bridging loan offering fast access to funds with minimum formality...

Genesis Home Loans has launched a bridging loan offering fast access to funds with minimum formality. Genesis will fund up to 70% of a property’s open market valuation, with a minimum loan of £25,001. There is no minimum term, although normally the loan would be paid within 12 months. Interest is charged at 1.75% a month, and can be charged monthly, or subject to equity in the property. Alternatively, interest can be rolled-up until the loan is redeemed.


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