In a fast-moving property market, timing is everything. You may find your dream home before selling your current one, but without the right financial solution, you could miss out. That’s where a bridging loan can help.
A bridging loan allows you to buy your next home before selling your current property, giving you the financial flexibility to secure your next home, potentially avoid unnecessary costs, and sell on your own terms. Here’s a quick guide to how bridging loans work and how they can benefit you.
A bridging loan is a short-term loan that helps you secure a new property before selling your existing home. It bridges the gap between buying and selling, so you can move forward without delays.
Here’s how it works:
This means you can buy first, sell later, and take your time to get the best price for your current property.
A bridging loan might be a good fit if you:
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