Bridging Loans for Residential Property
The most common use of a residential bridging loan is when you would like to purchase a new property but have not sold your existing property. In these cases it is possible to take out a short term loan that can be repaid when your old property is sold.
A residential bridging loan can also be used to repay debt, purchase new investment properties or even for home improvements. Our specialists can work from the market value of the properties not just the purchase price which is the case with many high street lenders. A bridging loan for renovation is also very useful in the situation where a high street lender cannot lend on a property beacuse it is uninhabitable.
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