Frequently Asked Questions
Is a bridging loan a mortgage?
A bridging loan is a type of mortgage as it is a loan secured against a property. But that is where the similarity ends.
Bridging loans are a short term type of borrowing, typically set up for 6-24 months. They can be used against any type of property and you don’t normally have to prove your income.
The interest charges are expensive but they are very flexible, can be set up fast and are available to people who wouldn’t normally get approved for a mortgage.
Some helpful pages:
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