Bridging Loans
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Bridging Loans: Seamless Transition Between Buying and Selling
A bridging loan helps cover the financial gap when you’re buying a new property before selling your existing one. It offers you the flexibility to secure your new home without waiting for the sale of your current property.
What Are Bridging Loans?
Bridging loans are short-term loans designed to bridge the financial gap between buying a new property and selling your existing one. This loan allows you to proceed with your property purchase without delay.
Key Features of Our Bridging Loans
- Smooth Property Transitions: Avoid the stress of coordinating sale and purchase dates.
- Short-Term Funding: Borrow for up to 12 months while you wait for your home to sell.
- Flexible Repayment Options: Tailored repayment plans to suit your unique situation.
Smooth Property Transitions
With a bridging loan, you don’t have to wait for your current property to sell before purchasing a new one.
- Move Quickly: Secure your new home without waiting for the sale of your current property.
- Avoid Settling Delays: Ensure a smooth process when transitioning between properties.
- Less Stress: Move into your new property with peace of mind while your old one is on the market.
Short-Term Funding Solutions
Bridging loans are designed to provide short-term financial support, usually for 6 to 12 months, giving you enough time to sell your existing property.
- Temporary Loan: Cover the financial gap for up to a year.
- Ideal for Home Buyers: Perfect if you’ve found your dream home but haven’t sold your current one.
- Flexible Loan Period: Choose a loan period that works for your circumstances.
A fixed-rate loan locks in your interest rate, while a variable-rate loan can fluctuate based on market conditions.
We offer flexible solutions to extend your loan term if needed, or you can switch to a standard loan.
Yes, you can choose to make interest-only payments or defer payments until your property is sold.