Home bridging loans

A home bridging loan is suitable in the following situations:

• If you are buying your own home, but discover that your bank or other financier can't complete on time.
• If you have to buy a new home before you manage to sell your previous home.
• If you have completed the sale but are experiencing difficulties or delays in moving home.
• A very common time when you might need a home bridging loan is when a house-buying chain breaks down.
• If you have bought property in an auction it might prove difficult to arrange a mortgage at short notice. In such an instance, you will certainly need a home bridging loan.
• A company trying to release equity from its premises to meet an immediate cash shortfall should consider a home bridging loan as a short-term solution.