Bridging Loans / Short-Term Lending
If you are looking to downsize or move home, there may be occassions where you need to buy a new home before you sell – perhaps the property of your Dreams has just come onto the market and you don’t want to lose it?
A Bridging Loan is an ideal way to help buy before you sell. We can often obtain 100% finance to help you buy the new property whilst you look to sell your existing property. Interest can be rolled up on the Loan, keeping your cashflow positive and without any large monthly costs to worry about.
And if you are looking for a project, to renovate a property or even to buy from Auction, Bridging Finance or a Short-Term Loan is ideal to secure your propertry quickly, and can be paid off with more regular finance once work has been compelted.
Ask us at Essex Home Finance about the many options of Bridging Finance and Short Term Lending available in the Mortgage Market, and how it can help you with your project or renovation work.