Bridging Loans

Bridging Loans are short term, high value loans usually used to buy property.

The loans are secured against an existing property, often to fund the purchase of a new property before the existing one is sold - hence the name Bridging Loans, or loans to bridge the time between buying a property and having the funds available to pay for it.

Bridging loans are usually fast to arrange, but as interest is charged on a monthly basis they're not suitable for longer term borrowing, as they will work out to be extremely expensive.