Finance For Buying House Before Selling
Our Bridging Finance Service
Looking to finance the purchase of a house before selling your own?
Timing is not always easy to get right. When it comes to buying a house time may be against you. With competition for property as high as it has ever been being able to move quickly is a premium. If you are in a mortgage chain or there are delays in selling your current property this can put you in jeopardy for secuing your purchase. This is where bridging finance can be very useful.
A bridging loan is a specialist loan designed for short term situations to provide a temporary cash flow solution or ‘bridge’ before additional permanent finance becomes available.
This type of loan or finance can be ideal when you are up against the the clock and where funds are needed quickly. A typical scenario is where you have yet to sell your house but you have found a new property and you need short term finance to secure teh purchase until your sale goes through.
Special features of what we offer include:
- Bridging home finance - from £25,000 to £15 million
- Fast finance - Looking to buy a house and need fast finance?
- Terms - From 1 month to 3 years
- Interest rate roll up schemes
- Independent whole of market service - we work directly with UK bridging lenders
- Lowest Bridge Rates - Access to leading bridging loan deals
- Fast turnaround - speak to us today if you need to move quickly. 5 to 7 days possible.
To investigate your options if you are looking at a bridging finance to buy a house call our finance team on 0117 313 6058 or fill in our call back form.
Finance For Buying A House Before Selling
The process for obtaining a bridge mortgage is usually straightforward with a more flexible set of criteria than is usually required by most high street banks and mortgage lenders. Like a mortgage, a bridging loan is secured against property or asset with the typical loan to value in the region of 70% however up to 100% bridging is possible if there are other assets that can be used in the background as leverage.
Call our team today on 0117 313 6058 or complete our callback form.
Conditions of bridging mortgages
Short term finance is more expensive than long term funding, however with the extra cost you get speed and convenience.
If you are looking at bridging loan options call us on 0117 313 6058 or complete our request callback form.