Bridging finance is the process by which individuals borrow money at higher than usual interest rates in order to complete on a property purchase. The bridging loans are often used when the buyer is relying on funds from another property which is in the process of selling, but has taken longer than expected to complete. In these cases, bridging finance offers cash liquidity to bridge the gap between the two deals in order to allow the individual to complete.
Bridging finance offers a short term solution to residential or commercial buyers and these are consequentially much faster than many high street loans on mortgages. As this is such a high interest loan, it is crucial to seek legal advice beforehand. If you are looking for advice on bridging finance, please give our specialist solicitors a call.
What do I do next?
Contact us online or speak to one of our experienced property lawyers on 0207 998 7777 for a free initial consultation. With our vast experience in the field, our team will work with you to ensure this process runs as smooth as possible. All information you provide us with is treated with the utmost confidentiality.
We will contact you no later than the next working day to arrange a meeting at our offices in London W1 to advise on the agreement.