What is Bridging finance?
Bridging finance is typically used to plug a funding gap. This may be when you are looking to by a house before your current property is sold.
Bridging finance is also used on commercial ventures such as buying a property at auction or doing up a dilapidated property that cannot be mortgaged in its current condition.
Bridging finance is more flexible that a standard mortgage, however the rates are much higher and therefore consideration and planning must be made towards exiting the bridge.
THERE ARE MANY DIFFERENT BRIDGING LENDERS IN THE MARKET AND THEREFORE A FINANCIAL ADVISER IS INTEGRAL IN FINDING THE BEST DEAL FOR YOU.