A bridging loan is short term finance that can provide fast access to funding, helping for example to buy a new property before you have sold your existing one.
This form of finance is becoming increasingly useful in todays changing market with properties selling perhaps not in coincidence with a property being bought.
Further uses of bridging finance could be:
- To buy a property for renovation/conversion and quick sale
- Purchase at auction
- To finance the purchase of a second home abroad
Bridging finance is usually quick. On average 7 - 10 working days from enquiry to completion.
Bridging Finance is not regulated by the Financial Services Authority.
At Hurleys we have access to the whole of the market and will advise you if this is the most suitable product for you, which lender to choose and the most efficient way to proceed.