A bridging loan is a short term finance option, typically of 12 months or less, used by property owners to help fund the purchase of another property when their funds are temporarily tied up elsewhere, for example, in another property or investment.
Bridging loans ‘bridge’ the gap between the purchase of one property and the sale of another or the disposal of an asset. A bridging loan may help if you are purchasing a new property and need to complete before you have secured a buyer for your own home.
We provide bridging loans for borrowers who require a longer-term mortgage on the property being purchased. For details of our bridging loan products, please call us on 01228 403141 or book an appointment online at your nearest branch.
There are two types of bridging loan: