Bridging Finance Funding
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Bridging finance is a short-term loan. It allows you to bridge the gap between your existing credit line and what you can afford to borrow in order to pay off some debts, or make a home improvement project happen. The interest rate on this type of loan can be as high as 30 percent, but it usually sits around 10 percent.
What is Property Bridging Finance
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One of the most common questions first-time buyers ask is how much it will cost to buy a home. The answer can be complicated, but fortunately there are affordable ways for you to get a down payment together.
How much does bridging finance cost?
Property bridging finance is a type of loan that allows the borrower to bridge the gap between the time it takes for their property to be sold and the date they receive their first mortgage payment. The property is usually used as collateral for this loan, which means that if you default on your repayments, your lender can use your home as security to get back any money thatÕs owed.
How does bridging finance work?
