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
Preparing for a Bridging Loan
Bridging Loan Fees
Ten Quick Facts about Bridging Loans
Five Reasons a Bridging Loan could help you buy
Main Features of a Bridging Loan
Ten stages of a Bridging Loan
Breaking the property chain
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