Bridging
Bridging can be used when a purchase chain breaks down, or for buying at an auction.
Development Bridging is also a way to renovate a rental BTL property before selling or remortgaging to a buy to let mortgage.
Self Build Finance is funded by a bridging loan, with either an agreed exit via a remortgage or sale of the property when completed.
Bridging is typically available for 12 to 18 months, so it is important to know your exit plan.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.