PERSONAL LENDING

Bridging Loans

A bridging loan is a short term mortgage which is secured by your property. The bridging loan may have a higher interest rate than your conventional mortgage, but you can gain the loan quickly to bridge the time between your purchase and your sale. They tend to be riskier for the lender who is betting on your situation. These loans are best for the person that is fairly certain of their situation and ability to repay in a few months.

A bridging loan, also referred to as “short term finance” or “bridging finance” is a short term loan, normally it is used when buying a house. For instance, if the sale of your existing house falls through for various reasons, or you may just want to move into your new home ASAP, then you can use a bridging loan to buy your new home, before the sale of your current home. The main advantage of a bridging loan is its quick, you can get the money you need in order to move ahead with the purchase of your new home, but as always, there are disadvantages, the main of which is a high interest rate. Bridging loans can be provided for:

First Home Buyers, Second Home Buyers Investments Purchase...	Lower your current interest rates and reduce your monthly payments...	Consolidate your debts and free up your cash flow...	Let us help you finance your next home improvement project...
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