BRIDGING FINANCE

Are you needing to purchase a new home before you’ve sold your existing home? 

Bridging finance is a short-term financing solution that is used to bridge a temporary gap in funds. This type of loan is often used in real estate transactions or other situations where quick access to capital is needed. 

Key features of bridging Finance:

Short-Term Option:

Bridging loans are designed to be short-term, usually ranging from a few weeks to a few months. They provide temporary financial assistance until a more permanent financing solution, such as a long-term mortgage can be arranged.

Security-Based:

Bridging loans are often secured by the borrower uses the equity in their property as security for the loan. This collateral provides a level of assurance for the lender.

Higher Interest Rates:

Because of the short-term and often higher-risk nature of bridging finance, interest rates tend to be higher compared to traditional long-term loans.