Flexibility of Bridging Finance
Bridging finance is well known for its flexibility in being able to raise finance where other forms of finance are simply unavailable
But remember they can help bridge a gap in your finances too. The property market has been incredibly busy with people moving homes to be closer to family, downsizing etc.
However, it can be incredibly frustrating when a property chain breaks. Such as when a property purchase is being funded by the sales proceeds of another property, but the sale cannot complete before or at the same time, meaning the entire chain of transactions may break, leaving you unable to purchase your new home.
A regulated bridging loan can help to bridge the gap in your finances so that the purchase of your new home can still proceed as planned and provide you with more time to complete the sale of your other property. The bridging loan is in place just until the sale is completed, upon which the proceeds from the sale are used to repay the loan.
For a free, no obligation initial consultation, contact us at Capital 8 Finance