Most people when buying a new home will be involved in a chain, with a buyer
lined up for their home and a house that they are looking to buy also lined
up. This can be a very stressful time as the contracts have yet to be exchanged
and so the purchase of your new home is not secure – if someone in
the chain pulls out you may find that you are unable complete on your sale
and so lack the money needed to purchase your new home. Bridging loans are
designed for situations when the sale of your house has been delayed, giving
you the money you need for the purchase.
Finance:
A bridging loan is secured on the property that you are selling, and will
provide you with the money you need to complete on your purchase so keeping
the chain in place whilst you wait for your buyer to complete. Bridging
loans are short term financing, aimed at bridging the gap between buying
your new property and selling your existing one, they can be extremely
useful and prevent you from loosing out on your dream home, however you
should be aware that they charge relatively high rates of interest and
so should be paid off as soon as possible.
Further Information:
Car Loans
- If you are looking to buy a car, then we can help.
Debt Consolidation
- Stuggling with debt? Consolidate them into a single loan.
Home Loans - Caters for homeowners
looking for a secured loan.
Cheap Loans - Wide range of financial
products and information.
Best Loans - Listings of the
top lenders in the UK.
Secured
Loans - Low rate loans for any purpose.
Remortgages
- Switch to save money, or to release equity.
Investment
Property - For those who are thinking of investing in property.
Consolidation
Loans - Make you debts more manageable, see here for details.
Personal Loans
- Information on any purpose personal loans.
Consolidation
Loans - Advice on how to clear your existing debts.
Car Loan - Financing
information for car buyers.
Cheap Remortgages
- Site to help you find cheap mortgages in the UK.
Online Loans - Finding and
arraging loans online is now simple.
Cheap Loan - Low rate loans for
the UK market.
Loan UK - Provides a range of loan
and mortgage advice and info.
Mortgages - Looking for a mortgage?
Pay us a visit first.
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