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UK Loans - Bridge Loans

Bridge Loans

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Loans

Typically these types of loans are available to help you meet a temporary cash shortfall, which can occur when you are buying a new home (or business) and selling your old one. The loans are intended to be short term anything from one week to twelve months. Bridging loans are typically expensive but easy to arrange because providers are taking advantage of the increasing demand for these loan types. Because they are so expensive you should make sure you could pay them off.

Bridging loans are ideal if:

  • You want to purchase a house before your current property is sold
  • Need to pay for major home improvements before you have secured the finance
  • Need to raise short-term capital

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