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Bridging finance refers to a short-term loan that is typically used to bridge the gap between the sale of one property and the purchase of another. It provides temporary funding until a more permanent financing solution, such as a mortgage, can be arranged. Bridging finance can be useful in situations where there is a delay in receiving funds from a property sale or when immediate funding is required for a property purchase.

Here’s how bridging finance typically works:

Here are the key benefits of using bridging finance:

It’s important to note that bridging finance generally carries higher interest rates and fees compared to traditional mortgage loans. However, the convenience, speed, and flexibility it provides often outweigh the associated costs for borrowers who require short-term financial solutions. Using a broker for bridging finance offers the advantage of their expertise and industry knowledge. They can guide you through the application process, provide access to a wider range of lenders, negotiate on your behalf, and ensure that you find the most suitable bridging loan option for your specific requirements.