Compare bridging loan quotes…
A bridging loan is a short term loan, normally for up to 12 months, secured against a property. Bridging loans are typically used in the following situations:
- To complete a house purchase before the sale of your existing property
- Auction purchases where conventional funding cannot be arranged within the time constraints available
- Purchases below true market value
- Purchases of properties requiring refurbishment or development
Loans are typically available for a maximum of 70% of the value of the property. The most important factor when taking out a bridging loan is that you do have a reliable method of repaying the loan at the end of the term.
If you are interested in taking out a bridging loan please click on the link and fill in the form - a consultants will contact you to discuss yoru needs and source quotes to help you find the best deal.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT