Bridging Loans
A Bridging Loan is a special type of short term secured loan, usually for a maximum of 12 months, that can be used to buy a property or land while you are waiting to sell another property or putting a longer term finance package together.
They can provide a fast and straightforward way of enabling the purchase of property at auction, property caught up in a mortgage chain or property that can’t be mortgaged due to its condition. The interest rates are higher to reflect the short term nature of the contract, but it has no early repayment penalties and an option to defer interest payments until the loan is repaid in full.
Introduction to Bridging Loans
Bridging Loans are a short term loan, usually for 12 months of less, that can…
Preparing for a Bridging Loan
Bridging Loans are there to be used as a fast way of obtaining finance so…
A really simple guide to Bridging Loan fees
Interest rates on Bridging Loans are typically higher than standard or conventional mortgages.
Ten things that make your Bridging Loan so practical
Interest rates are measured per month. As a Bridging Loan is short term finance, interest…
Five of the most common problems that can be quickly solved by a Bridging Loan
Bridging Loans are a fast and flexible way for you to finance your property requirements….
What makes a Bridging Loan so useful
When looking to buy property or land, most people will look at a high street…
How to successfully get a Bridging Loan
Applying for, and successfully getting your Bridging Loan can be broken down into simple stages….
How to break a property chain with a Bridging Loan
Anyone who has lost the house they really wanted to buy due to the property…