Bridging loans can be useful to help people complete the purchase of a property before selling their existing home. We can help you identify your bridging loan options and calculate the costs involved with this process.
These types of loans are meant as a short-term funding option.
Bridging loans are popular to help people complete the purchase of a property before having sold their current home. In essence it is short term access to money at a high rate of interest. Other uses for bridging loans include helping someone planning to sell-on quickly after renovating a home or helping someone buying at an auction.
If you are considering a bridging loan do seek the help of an expert, an FCA broker, who as well as finding a suitable deal will also ask you about your exit strategy for the loan.
Email or call me today to arrange a free consultation meeting.