Whether you are a property developer with your eyes on a lucrative property investment or simply looking to refurbish your existing home; bridging finance could provide you with the funds and flexibility you need to get things started. Many people with all varieties of purpose in mind turn to a bridging loan as a solution to accessing large sums of money in a relatively short space of time. This can be critical in a time sensitive sale. Here are the main benefits to choosing bridging finance over other loans:* The most obvious and widely accessed benefit to bridging finance, and why so many people opt for it, is that bridging loans are extremely flexible in their application. Unlike traditional loans, which can be very strict in what you use the funds for, bridging loans can be used in most circumstances. So, chances are, if you have been turned down for a loan elsewhere due to its intended use, a bridging loan could be a good alternative. * Bridging finance can be accessed very quickly. Most bridging loans can be accessed within 14 days but in special circumstances can be accelerated to 24 hours, so if you are sat at a property auction and realise you will need access to the funds the very next day, bridging loans can again be a good option. * Poor personal credit status doesn't rule you out of a bridging loan. Even if you have struggled with accessing loans in the past due to bad personal credit ratings, bridging finance is often lent based on different criteria which is more focused around the feasibility of the project than on the individual applying for it. This said, it is wise to highlight any major issues with access to credit to your provider at the outset. * Early repayment is possible. So long as you discuss your intention to repay the loan early, possibly with a mortgage, at the outset you can avoid any nasty early repayment fees later on. * Flexible interest payments allow you to build the amount due to the lender to its maximum then pay it all off in one hit. This can be handy, especially as most people accessing bridging finance will have a more long-term solution to their financing lined up, such as a buy-to-let mortgage. So hopefully you now see the benefits to such financing clearly. Of course, there are additional financial benefits to using bridging finance over other loans, but these are the main ones. From these alone it is clear to see why developers often turn to such finance first. So if you need access to flexible, fast funds; a bridging loan could be the solution you are looking for. At the very least, shop around and see what is on offer before settling on a loan from your bank.