BRIDGING FINANCE

Bridging loans are a type of short-term finance which can be used by individuals or businesses. The purpose of this type of loan is to ‘bridge’ the gap between the payment falling due and either the main source of finance being available, or funds being received from another source.

Bridging loans are suitable to be used for a range of scenarios and are commonly used when someone wants to continue to purchase a property whilst still waiting for funds from another property sale to be released. They may also be used to finance a property development and the property is then revalued and remortgaged once the work is complete, then the bridging loan can be paid off.

Bridging finance is a very complex field and requires expert advice as to whether a bridging loan is the right solution for your circumstances. At The Mortgage Avenue, we have the knowledge and experience required to ensure whether a bridging loan is the right type of finance for you.

Your home may be repossessed if you do not keep up repayments on your mortgage.