Bridging Loan

Caught in the gap between selling one home and buying another?

It can be a tricky situation but a bridging loan is a cost-effective way to tide you over.
 

Definition of a Bridging loan
A Bridging Loan is designed for homeowners who are planning to construct a new owner-occupied primary residence. The Bridge Loan allows the homeowner to access the equity in their current owner-occupied residence, and use it as the down payment on a Construction-to-Permanent Loan. This enables you to use the equity in your home as the down payment on our Construction-to-Permanent Loan. And during construction, there are no monthly mortgage payments on the Bridging Loan. This lets you live in your existing home while you're building your dream home. Payments on your Bridge Loan are not due until your new home is finished or you sell your existing home.

COMPARE THE LATEST LOANS Use the following table to compare the latest loans available online at some great rates.   Lender Min Max APR Typical Apply PERSONAL LOANS Money Back Bank Loan Lowest rate around £1000 £25,000 6.3% The AA Loan 3 months payment holiday available £1000 £25,000 6.8 % Alliance & Leicester Low rate, instant online decision £5,000 £20,000 6.3% Liverpool Victoria Fast online decision, no payments for first 3 months £5,000 £25,000 6.7% Not Available Virgin Loan Fast unsecured loan £3,000 £25,000 7.3% Loans4 Homeowner and Bad Credit Loans £3,000 £100,000 6.7% Only Finance Homeowner Loans Variable Variable Variable