What is a bridging loan?
A bridging loan is primarily used as a funding solution to help you purchase a new property, before selling your existing home. Flexible bridge loan plans work to create a financial ‘bridge’ where cash is lacking. Alternatively, it can be used as a short-term option when funds are tight. So opt for some peace of mind when you choose your new property with this handy loan. Alternatively, if you need to cover an extra mortgage repayment or even something altogether more unexpected, keep finances firmly under control with a bridging loan.