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Bridging Loans | Equity Finance
What is a Bridging Loan?
A bridging loan is a short term loan secured on property by way of either a first
or second mortgage.
Bridging loans are usually seen as a temporary way to ‘bridge’ cash shortfalls when
waiting for other finance to come through.
Bridging loans can be used for a number of reasons:
- Purchase of a new property before an existing property has been sold
- Residential or commercial property
- Buying property for improvement or extension then resale
- Buying property at auction
- Complete purchase of an overseas property
- Capital raising
A bridging loan is usually for a period of 3 and 6 months, however a longer term
may be justified under certain circumstances.
How can Equity Finance help?
At Equity Finance we have the facilities in place to give you expert advice on your
bridging loan.
Call now to speak to one of our advisers free on 0800 594 5904 or complete our online enquiry form.