Bridging / Short-term finance
Bridging loans are a short-term funding option typically used by property buyers to ‘bridge’ the gap when buying a new property and waiting for a traditional mortgage to be approved or capital to be released from the sale of their current home.
Bridging Loans are most commonly used to help fund a new house purchase while you’re waiting for your existing property to sell. They can also be used for a variety of reasons, such as major structural home improvements, divorce, inheritance planning, renovation projects or auction properties.