Bridging Loan

Bridging Loan A bridging loan as the name implies is a loan used to "bridge' the financial gap between monies required for your new property completion prior to your existing property having been sold. Bridging loans are short term loans arranged when you need to purchase a house but are unable to arrange the mortgage for some reason, such as there is a delay in selling your existing property. The beauty of bridging loans is that a bridging loan can be used to cover the financial gap when buying one property before the existing one is sold A bridging loan can also be used to raise capital pending the sale of a property. Bridging loans can be arranged for any sum between