A bridging loan allows you to keep your existing loan while you organise a loan for your next property. By creating a financial ‘bridge’, it allows you to seize the opportunity of buying a new home while buying you time to sell your current property. Don’t let your mortgage come between you and moving into your new home. We specialise in tailoring your bridging loan to ensure a seamless transition to your new property while maintaining financial stability.
What are the different types of bridging loans?
Bridging loans broadly come under two categories; open and closed. To help you choose, the main differentiating factor between the two is whether or not you have arrangements in place for when the bridge loan is due. Our team of mortgage brokers is here to provide a comprehensive comparison of the two, ultimately ensuring you avail the option most suited to your needs!