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Bridging loan with no proof of income for an expat

Bachinarium

Bachinarium Posts: 7 Forumite

Eighth Anniversary

First Post

Combo Breaker

28 September 2023 at 12:18PM in Loans

Hey guys,

I am seeking a hasty bridging loan due to a buy to let build I invested in nearing completion and lacking the funds to complete the contract. I have an income but I am self-employed with only my own personal accounts so not sure it would be sufficient evidence or not to satisfy their criteria. Therefore, I am probably going to require a loan that requires no proof of income. Also I am living abroad so that will be a factor.

Kind regards,

Bachinarium

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Comments

sammyjammy Posts: 7,877 Forumite

28 September 2023 at 12:44PM

Family or friend? I don't believe any commercial, legitimate lender is going to lend you money in those circumstances

"You've been reading SOS when it's just your clock reading 5:05 "
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Bachinarium Posts: 7 Forumite

28 September 2023 at 12:57PM

It is for myself and I have been told by several brokers that it is possible. Mostly because I have invested 35% already.

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retiredbanker1 Posts: 628 Forumite

28 September 2023 at 5:29PM

If it is such a good deal why don't the brokers arrange finance for you?

From UK banking you stand no chance of getting a bridging loan IMO.

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MEM62 Posts: 5,231 Forumite

29 September 2023 at 9:29AM

Bachinarium said:

It is for myself and I have been told by several brokers that it is possible.

Problem solved then. Arrange it through one of them.

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