A loan taken out to buy a property if your existing property is unsold.
A short term loan that bridges the period between an immediate need and the time when a proper long-term facility can be arranged.
(GB) or bridge loan (US) - a loan for a short period, covering the time between needing to spend money and receiving money that is due.
A loan to provide short-term finance, usually to buy property or land, where the loan is to be cleared by longer-term borrowing, or the sale of assets.
A short term loan provided while alternative long-term funding, or the sale of the asset, is completed.
A loan used for a short period where there's a certainty of repayment from a specific event such as the sale of fixed assets.
Short term loans often used by buyers of a property who need funds until they sell their existing property.
At times there are two house transaction buying and selling. It's beneficial for you if both the deal take place simultaneously. However if it does not happen and you first purchase the property, before selling the second one. Then loan that you will require to purchase property is called bridging loan. it helps in filling up the gap between the two transactions. It is usually taken to compensate temporary cash shortfall .
A loan used to “bridge†the period between the purchase of a new property and sale of an existing one ie when you are swapping houses and you want to buy your new property before selling your existing one.
A temporary loan that lets you buy a new home before completing the sale of your existing home.
A short-term secured loan which is often used to cover or bridge the gap between the purchase of one property and the sale of another. The rates of interest charged are often high, hence why this is a short term and not a long term solution to any gaps.
a fast loan which is designed specifically for UK residents to satisfy their urgent cash needs for purchasing a new house till the existing one is sold
a high interest, short term loan you would choose when you have a requirement for short term specific funding
an interest-only, short-term loan, which is secured on land or property and is therefore a type of mortgage
a short term finance that is used to bridge the gap between a buy and a sell transaction
a short term loan arranged when you need to purchase a house but are unable to arrange the mortgage for some reason, such as there is a delay in selling your existing property
a short-term loan designed to assist you in a
a short term loan, often used in situations where there is a short fall of cash
a short term loan that is available to overcome the problems caused when inflows and outflows of cash are not matched
a short-term loan that is typically taken out to facilitate the buying of a second property before you've sold your first
a short-term loan to cover a gap in time between two long-term loans
a short-term loan used as a way to
a short-term loan, which can be set up quickly
a short-term secured loan, usually taken out to solve a temporary cash shortfall when buying a property or business, or paying for a major renovation
a sum of money borrowed for a limited period of time to enable you to buy a new property before selling your old one
a type of loan that is used to cover shortfalls between buying one property and selling another
(Bridging Loan) A Bridging Loan is a loan that is usually taken out to cope with a cash shortfall when buying a property, to safeguard a property purchase if the mortgage is delayed, or if you want to buy a second property before you've sold your first.
If you are unable to sell your existing home before you can buy your new home you may be offered a temporary loan to provide finance until your existing home is sold.
Temporary loan providing finance to allow a purchaser to complete the purchase of a new property before selling their current property.
High interest loan used to buy a property before your existing property has been sold
A short-term loan to a person who has bought a new home before selling his or her current home. The loan is paid off when the current home is sold. This facility is available to existing IIB customers only
This is a loan designed to allow a person to purchase a new property before their old property has been sold.
This is a short-term loan. It is usually taken out to help fund the purchase of another house while the old one is being sold.
Loan/ Second Mortage taken by Home Owners to purchase an additional property.
A temporary loan to cover your costs when you buy a new house before selling your old one.
A temporary loan to cover the cost of buying a new home before the old one has been sold.
This is a short term loan that 'bridges' the time period between two property transactions. It is used to cover shortfalls between buying one property and selling another. Major banks and building societies can offer bridging finance.
If a house purchase involves the sale of one property and the purchase of another it's normally best if the two deals happen at exactly the same time. If this is not possible and the purchase of the second property happens before the sale of the first is completed then another loan may be needed. This additional loan is a called a 'bridging loan' and bridges the gap between the two house transactions.
A short term loan to complete the purchase of a property while the buyer is waiting for the sale their home.
A short term loan that covers the financial gap between buying a new property and selling the old property.
A short-term loan provided by a lender usually to pay for the purchase of a new property while the currently owned property is not yet sold. This loan "bridges the gap" between the sale of the two homes in the housing chain and enables the purchase arrangement to conclude conveniently. Bridging loans are also used in conjunction with self-build mortgages in order to fund a phase of construction while the self-builder waits for the stage payment from their mortgage lender. For the convenience of this loan the interest charge is generally high.
An expensive temporary loan used by one to tide themselves over to purchase a new property before selling there current one.
A temporary loan designed to bridge the gap in time and money if you have to complete the business of buying your new home before you've sold your existing one. Some lenders may only offer bridging loans secured by way of a solicitor's undertaking. This is a personal legal guarantee by the solicitor that something will be done - usually the repayment of a mortgage or production of title deeds.
Short term loan used as coverage when buying a new property before selling an existing one.
short term bank loan used to bridge the gap if there is a delay in getting finance in place to complete a purchase by a particular date
A short term loan (often no longer than 12 months) designed to allow you to finance the purchase of a new property before you have sold your existing property.
A short term loan CHAPS payment The electronic payment of funds in cleared form by one bank to another
A short-term loan, attracting higher than normal interest.
If a house purchase arrangement involves the sale of one property and the purchase of another it will normally be most convenient if the two deals are concluded simultaneously. If this is not possible and the purchase of the second property is to be concluded before the sale of the first is completed then additional financing may be necessary. This is a 'bridging loan' & it bridges the gap between the two transactions.
A short term loan to provide temporary financing until more permanent financing is arranged. It is often used by purchasers of a property who need funds for a limited period of time e.g. until they sell their existing home.
A short-term loan to bridge the period between you buying a new property and selling your previous home.
This is a short term loan provided by a bank or building society which covers you if you need to pay for your next home, while still waiting for the money to come through from the sale of your current home. If you do require a Bridging Secured Loan, you must ensure that the funds to repay the loan will be in place when the loan period expires. back to the top
A short-term mortgage loan, the proceeds of which are to be used to purchase a new home, generally secured by a mortgage on the existing home and generally due and payable upon sale of the existing home.
Short term loan to facilitate the purchase of one property prior to the sale of another releasing funds that are required for the purchase. Professional advice should always be taken prior to considering any bridging finance as it can be a solution which is worse than the problem.
A temporary loan that enables you to complete the purchase of a new home before completing the sale of your existing property.
A short-term loan taken out to help fund the purchase of one asset before the sale of another asset has been finalised. Commonly seen in the property market.
This is a temporary loan which allows you to buy a new house before selling your old one. The sum of the loan must be repaid as soon as the old house is sold.
Money made available to you to bridge the gap between you charging for a product or service and you actually receiving payment.
A temporary loan to allow you to buy your new house before selling your own home.
Bridging loans or bridging finance is usually a short term loan that covers the financial gap between the purchase of a new property and the sale of the old property.
A loan arranged over a short period until permanent funds are available. Usually arranged through a clearing bank, but occasionally through a building society
Finance Short term loan to enable the purchase of one property before the sale of another essentially releasing funds that are required for the purchase. You should always consult a professional before considering any bridging finance as it could be a solution that is worse than the problem.
A loan, often from a bank, to enable the purchase to be completed before the sale of an existing property.
If a house or purchase arrangement involves the sale of one property and the purchase of another, it will normally be most convenient if the two deals are concluded simultaneously. If this is not possible and additional funding may be necessary to conclude the purchase of the second property, it is known as the "bridging loan".
a short term loan taken out to cover the gap between buying a new property and selling an existing one
Loan from the bank to assist in proceeding with a purchase independent of a sale; closed bridging is where contracts have been exchanged on a sale but the bank facilitate the purchase being completed earlier than the sale by loaning monies; open ended bridging is a risky, sometimes expensive arrangement where the bank lend to enable a purchase to complete even though no buyer is committed to the purchase of the buyer's present property.