The Ultimate Guide to Bridging Finance: Unlock Fast, Flexible Funding
Bridging finance is a short-term loan used to cover the gap between the purchase of a new property and the sale of an existing one. It is typically used by homeowners who need to move quickly but do not have the funds to cover the purchase price of their new home before their current home sells.
Bridging loans are typically more expensive than traditional mortgages, but they can be a valuable tool for homeowners who need to move quickly. They can also be used to cover the costs of renovations or repairs.