A bridging loan may be necessary to cover the financial gap when buying one property before your existing one is sold.

 

This finance is secured against the existing property (utilising equity) and the new property being purchased. Usually, bridging loans are short term (normally 6-12 months) to allow for the sale of the original property and more expensive than other types of loans.

 

There are alternative ways to finance a change from one home to another, so please contact us to discuss your options.