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
- Renovation of property
- Land acquisition
- Divorce settlement
Please contact us for more information.