Bridging Finance

Bridging loans are a way to borrow a large amount of money for a short amount of time. They're most commonly used to 'bridge the gap' when buying property.  Even though this is a quicker option for you, it can be more of an expensive route, here are reasons why you may need bridging finance:

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• Buying a property at auction. 

• The property is deemed not habitable, therefore unable to obtain or go down the standard mortgage route

• Buying a property before selling your home, this could be down to the chain being broken due to the sale of your property falling through.

• Investing into a buy to let property that needs complete refurbishment 

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They're also very risky. That's because the loan will be 'secured' against an existing property or asset, so – worst case scenario – if you can't repay your bridging loan, you could lose your home.

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Get in touch now to find out more information.