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Bridging Loans

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What are Bridging Loans?

Bridging loans are a short-term funding option. They are used to ‘bridge’ a gap between a debt coming due and the main line of credit becoming available.

These usually have a higher interest rate than a traditional mortgage, however they are based solely on the individual case and its circumstances.

Bridging loans are designed to help people complete the purchase of a property before selling their existing home by offering them short-term access to money at a high-rate of interest.

As well as helping home-movers when there is a gap between the sale and completion dates in a chain, this type of loan can also help someone planning to sell-on quickly after renovating a home, or help someone buying at auction.

At Turney & Associates we can source bridging loans to cover:

  • Chain breaks.
  • Investment purchases.
  • Commercial lending.
  • 2nd charge and 3rd charge lending.
  • Medium-term bridge to let.
  • HMO purchases.
  • Below market value transactions.
  • Short term borrowing against assets.
  • Agricultural bridging.
Contact us to discuss bridging loans

We can visit you

Let us know when is convenient to call round

You can visit us

Come to see us in Cambridge, we have parking

We can call you

Arrange to discuss everything over the phone

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