Bridging Loans

Bridging Loans

There are times when you may need urgent short term finance to conclude a purchase quickly.

A bridging loan should be considered. Bridging loans are designed to cover short term shortfalls in funding and to help you complete the purchase of a property. This could be before funds are released from an existing property for example. A bridging loan offers you short-term access to money.

They can therefore be invaluable in facilitating a property purchase that otherwise would not be possible.

Bridging loans can be used for a variety of reasons, including property investment, buy-to-let and development.

However, in the current financial climate, there is a growing trend among borrowers to use bridging loans to facilitate transactions where lenders are taking longer to process applications for a mortgage.

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