Bridging Loans

Masteryourmortgageno15 Oct, 2021Finance

A bridging loan is a loan that bridges a gap when you are trying to secure a mortgage for a new property while you are selling your existing property. A bridging loan will allow you to buy a new place while you wait for the old one to sell.Bridging loans are normally interest-only loans that carry special lender conditions and would have a limited loan term.