Bridging Loan

Mortgage FinanceOnce you have applied for a mortgage it should take a few weeks for matters to be finalised and for the mortgage offer to be sent out to you. You must ensure your conveyancing solicitor’s details are included in the offer letter and that they have a copy. You and your...

A Bridging Loan is used during conveyancing if the sale of one property and the purchase of another cannot be concluded simultaneously; for example, the purchase of the second property has to be concluded before the sale of the first, then additional financing may be necessary. This is a 'bridging...