·         Purchase of a new property before an existing property has been sold.

·         Purchase a property for improvement or extension and then resale.

·        Auction purchase

·         Complete purchase of an overseas property

·        Capital raising 

Usually a bridging loan is for a period of between 3 and 6 months, however a longer term may be justified under certain circumstances.

Monthly interest payments are not usually required to be paid during the period of the loan and interest payments can be deferred or rolled up until completion.

BRIDGING / SHORT TERM LOANS

A bridging loan is effectively a short term loan secured on property by way of either a first or second mortgage. Short term bridging loans can provide invaluable help in cases of temporary cash shortfall.