Bridging Loans are a type of short-term finance, which are used to ‘bridge’ the financial gap over the course of a property transaction.
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Bridging Loans are a type of short-term finance, which are used to ‘bridge’ the financial gap over the course of a property transaction.
Bridging loans are often completed quickly, making them perfect for customers who are looking to swiftly secure funds for property transactions.
Lenders will need to see a viable exit strategy from your customer. This could be a range of things, including selling the security property, or taking out a mortgage to repay the bridging loan.
Bridging loans are typically used for:
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