Bridging Mortgages / Bridging Loans

What is a Bridging Mortgage / Bridging Loan?
A Bridging mortgage or bridging loan is a short term loan to provide temporary finance until more permanent financing is found. A bridging mortgage / bridging loan can be used for a variety of different purposes, the main ones are listed below :

Purposes of a Bridging Mortgage / Bridging Loan:

To fund the purchase of a new property when the old property has yet to complete.

To fund the purchase of a property abroad.

Distress financing to enable a property to be sold in a controlled manner instead of a Forced sale.

To finance purchase of a defective property pending works done on the property.