Temporary loan, often at a relatively high rate of interest, to enable the settlement of a property purchase to take place pending the grand of a permanently loan or the completion of the sale of another property.
When you need to purchase a new home before selling your old home, bridging finance allows you to finance the purchase.
Short-term finance, allowing purchasers the ability to buy a new property until the existing property has been sold. Security is taken over both properties until such time as the current property is sold
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Building Regulations a loan that enables you to cover the purchase of a new property when you are yet to sell your existing property. the standards formulated by local councils to control the quality of buildings.
Short term finance used when buying and selling houses to cover the gap between receipt of funds from sale of existing house and the payment of funds to purchase another house.
A short term loan (typically less than 6 months), usually with an application fee, which covers the financing gap between the purchase of a new property and the sale of a current property. Interest rates will vary, depending on whether there is a confirmed sale of the current property in place or not.
a short-term loan that plugs the financial gap between buying a new property and selling an old one.
This type of finance is used for times when finance is needed to buy a new house while waiting for the old one to sell and usually has higher interest rates.
A shorter term loan that is taken out to purchase a new property before selling your existing property
Financing used to purchase new property before you have sold your old property.
A short-term loan, usually at a higher rate of interest, which helps people to cover the purchase of a property while waiting for theirs to sell. The security is usually over both properties.
Loan to cover purchase of a new property when you are yet to sell the existing one
Short-term finance, which is used as a 'bridge' before securing long-term finance or selling a property.
Temporary finance provided to assist the process of transferring from one home to another especially when you settle the purchase of your new one before you sell your current home.
A loan/facility that can be used when buying a new home before selling an existing home. Bridging finance is generally temporary/short term.
A short-term loan, usually at a higher rate of interest and with higher fees. Find out more about the best choices for property financing.
A loan to cover the purchase price of a new property when you still have to sell your existing property. The security for the loan is usually over both properties.
A short-term loan, usually at a higher rate of interest, taken out by people who have bought a house while waiting for theirs to be sold, or when a normal mortgage and their savings fall below the asking price.
Finance obtained over a short period as a prelude to long term funding. Higher interest rates are usually charged for this form of finance, and it has to be paid back after an agreed time. Some borrowers use bridging finance if they need money to buy a new house while they are waiting for their existing house to sell.
An interest only short term loan usually only over 12 months.
A loan that covers the financial gap between the purchase of a new property and the sale of an existing one
A short term loan usually taken out to purchase a new property prior to sale of an existing property. (Note: HomePath does not offer finance for this purpose.)
A purchaser under certain circumstances may wish to complete the purchase of a property whilst still offering his own for sale. Lenders will advise as to whether the necessary temporary finance can be made available and the purchase can go ahead earlier. Some people use this means for a few days to enable them to move from property to property over a couple of days.
A short term Loan that covers a financial gap between the purchase of a property and the sale of a current property.
Finance obtained over a short period, as a "bridge" to long-term funding. Higher interest rates may be charged for bridging finance.
A short term loan (approx. six months or less) usually to fill a time gap that has appeared between buying another property and selling the one you own, or getting a long term loan. This type of borrowing is usually at a higher interest rate