Bridging Loan To Buy House <100% SIMPLE>

Bridging loans are against property, meaning your home acts as collateral. They typically last between 3 and 12 months , though some terms extend to 3 years.

These have a fixed repayment date, usually based on a finalized sale date for your old property. bridging loan to buy house

Because these loans are temporary, lenders require a clear "exit strategy"—a specific plan for how you will repay the loan, such as the sale of your old home or switching to a traditional mortgage. Loan Types: Bridging loans are against property, meaning your home