Can I get a bridge loan with no credit?

babyblade41

I think your risk taking is ridiculous. For someone who has a high income you ain't very good at keeping hold of it if your debts are anything to go by.

I suggest you leave becoming a LL until you can manage your own financial life

dwsjarcmcd

prodigalson wrote: »

I understood it was going to be expensive, but basically wanted somewhere to put my money in terms of an asset that isn't the financial markets.

I make good money and I've had experiences being both a tennant in student housing and dealing with landlords. Thats why I felt that it would be a goods idea.

A bridge loan would be expensive and I do have £28,000 in unsecured debt, but I can easily pay it off and after having to sell my flat last year I felt the need to have some form of stability in terms of another income stream i.e. rent.

Also yes people do buy those electric heaters, I have seen in the past but what happens is according to the tenancy agreement the landlord only covers up to a certain amount in utilities, which means the students end up paying

So what’s your exit plan for the bridging loan? You don’t have a substantial deposit, have debt therefore you are a pretty large risk to a lender, add in no credible exit strategy and it doesn’t sound like a good bet.

AnotherJoe

mohawk wrote: »

My high risk/high reward small cap shares currently show a loss of 70%but could possibly end up being worth ten times what I paid. Very high risk/very high reward. All the companies own huge mineral assets but have to get over the problem of getting the stuff out of the ground & sold.

You are Neil Woodford and I claim my £5