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Bridging Loans

So what are bridging loans?

A typical use of a bridging loan would be for those times that you’ve still not found an owner for your old property but chosen a new one to move into. The loan is designed to help with a cash inflow until you’ve sold you’re old property.

Some additional examples of where bridging finance may be used for short term solutions;

  • Property sale has fallen through or is delayed and client is purchasing another property
  • Purchasing properties at auction
  • Property Development
  • Buy-to-let
  • Renovation of property
  • Land acquisition
  • Divorce settlement

 

Please contact us for more information.