Relocation or Bridging Loan
Have you found a new property but have not yet sold your existing one?
Relocation or Bridging Finance may be the option.
If it is not possible to achieve simultaneous settlement, a bridging loan can be used to cover the finance gap between the purchase of a new property and the sale of an old property.
Your benefits with a Bridging finance option
|Loan affordability is assessed on the end debt /loan amount left after existing property sold and settled.|
|Loan repayments can be added to the loan for up to 6 months|
|No repayments are required during the bridging period|
|Fixed or variable loan options|
|There are Full doc and Lo doc options|
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