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Bridging Loans for House Purchase

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Enter your details for an up to date quote from over 100 Bridging loan lenders – all rates updated daily.

Bridging Loans for House Purchase

Enter your details for an up to date quote from over 100 Bridging loan lenders – all rates updated daily.

Bridging Loans for House Purchase are basically a short-term mortgage they are used to purchase residential property in the UK. House purchase bridging loans would normally be taken out for a period of from one to twenty-four months and you would pay the loan back using either a traditional long-term mortgage or funds acquired from another source I.E sale of property or any other source.

If you take a Bridging Loan For  House Purchase, you would generally decide on a loan term over say 12 months, although the loan can be repaid at any time within that 12 months and interest would only be payable on the actual days that the loan was outstanding. Note it is always better to go for a period that gives you plenty of time to redeem the loan, as the fees payable are the same if the loan is three or twelve months. Furthermore, you can never underestimate the delays that can be incurred when trying to get completion and the extra time can give you peace of mind instead of worrying about repaying the loan.

Generally speaking, bridging loans are FCA regulated if you intend to move into the house yourself, if it is a commercial transaction i.e you intend to sell the property without actually living in it then it is viewed as a business /commercial transaction and not therefore regulated.

These loans can vary significantly in price so it pays to shop around and compare as many loans as you possibly can before proceeding.

These loans are usually used if you find a property that you would like to buy before you have sold your own, they enable you to act like a cash buyer and take you out of the property chain. Although you still have to sell your own property to redeem the loan.

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Enter Your Details.

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We compare all of the UK’s Bridging Finance Lenders for you, with over 100 lenders you need to know you are getting the best rates and deals.

Compare Rates Now!

We compare all of the UK’s Bridging Finance Lenders for you, with over 100 lenders you need to know you are getting the best rates and deals.

Start Here…

Call us 24/7: 0800 138 6001

Top 10 Finance Ltd, Rex House 4-12 Regent Street, London, SW1Y 4PE. Tel: 0800 138 6001

Top 10 Finance Ltd is authorised by The Financial Conduct Authority (FCA) no 725234 The FCA Think Carefully before securing debts against your home. Your property could be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Data Protection Act (1998). Registration No: Z2861884 Company Number 06261373 Top 10 Finance Rex House 4th Floor 4-12 Regent Street London SW1Y 4PE (c) 2007 - 2018 Top 10 Finance. Sitemap - Privacy Policy - Reviews - Contact Top 10 Finance - Blog

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