Bridging Loans

Bridging Loans Information

When looking to move home it is easy to find yourself in a situation where you have found your ideal next home, but have yet to secure a buyer from your existing property and so you do not have the money you need to complete your purchase.

In this situation, a bridging loan can help. A bridging loan is, as it implies, a temporary loan, bridging the gap between purchasing your new home and selling the old one.

Fast, Simple

Free, No Obligation

A bridging loan is effectively a short-term mortgage that is secured against your property. Due to the short-term nature of these loans, the interest rates charged on them tend to be much higher than you would see for a standard mortgage, however you should remember when looking at this that you will only have the loan in place for a small period of time, and so the interest will only accrue over that time.

The costs involved with a briding loan are small when compared to the overall costs of buying a new home, and if it means the difference between being able to secure the purchase of your dream home or missing out, then it is worth the extra money.

Often referred to as "short term finance" or "bridging finance", bridging loans can be used for residential or commercial property purchase, land purchase, conversions or even overseas property.

Bridging loans can take between 2 days and a week to arrange, so if you apply now we will give your application our top priority. We realise that if you are in need of a bridging loan then you are probably on a limited timescale within which to complete on the purchase, and we will do our best to get the financing in place for you as quickly as possible. Alternatively, you select from our recommended lenders if you wish to contact a lender directly.


	1: Bridging Loans Short-term loan used to provide funding for property.
	www.loan-bridging.co.uk