A Bridging loan is...
In its basic form this is very short term mortgage and like a mortgage, it's is secured against property.

The purpose of this type of loan would be to cover shortfalls between buying one property and selling another. An example would be if you were buying a property and were in a chain, and the chain for whatever reason broke temporarily you could bridge the gap by raising funds via a bridging loan to secure your new property. Once the sale goes through on your old property you can then pay off the loan.

There are numerous reasons where a Bridging loans can be used.


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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
The FSA do not regulate Bridging Finance (Loans)
 
LANN Finance is a trading style of Amarjit Karwal which is an Appointed Representative of Intrinsic Mortgage Planning Ltd , which is authorised and regulated by the Financial Services Authority.

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