A bridging loan or bridge loan is a short-term loan given to 'bridge the gap' between buying a new house and selling your previous house.
Bridging loans can also be useful when used as a short term loan to help you buy a property at auction, when money is needed immediately as you may not have sold your current property yet.
A bridging loan (or bridge loan) comes into its own when the need arises to borrow money for a short-period. The most common use of these loans is to help fund a new house purchase while you're waiting for your existing property to sell.
Should you have a need for a bridging loan you will be referred to a third party provider. Neither Town & County Financial Services nor PRIMIS Mortgage Network is responsible for any advice provided by a third party.
Your property may be repossessed if you do not keep up repayments on your mortgage.