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Bridging loans are designed to help people complete the purchase of a property before selling their existing home by offering them short-term access to money at a high-rate of interest.
As well as helping home movers when there is a gap between the sale and completion dates in a chain, this type of loan can also help someone planning to sell-on quickly after renovating a home or help someone buying at auction.
Bridging loans are used most commonly used by landlords, homeowners, and property developers to:
Initiate property development
Invest for buy-to-let purposes
We have various lenders available who all have different criteria when it comes to bridging. Get in touch with us for a chat and we can establish the best solution.
The Financial Conduct Authority does not regulate some forms of bridging finance.