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 chain collapsing will know the upset that results.
Anyone who has lost the house they really wanted to buy due to the property chain collapsing will know the upset that results.
Applying for, and successfully getting your Bridging Loan can be broken down into simple stages.
When looking to buy property or land, most people will look at a high street lender to arrange a mortgage.
Bridging Loans are a fast and flexible way for you to finance your property requirements.
Interest rates are measured per month. As a Bridging Loan is short term finance, interest rates are often expressed as ‘per month’.
Interest rates on Bridging Loans are typically higher than standard or conventional mortgages.
Bridging Loans are there to be used as a fast way of obtaining finance so you should make sure you know what is required.
Bridging Loans are a short term loan, usually for 12 months of less, that can be used by businesses, partnerships and individuals.