Bridging loan
If you feel like trading up your house or moving to a different area you may require finance to help you buy a new home before you have the money from the sale of your existing property.
This has been traditionally available only once you have an unconditional sale of your property.
However these days if you have some equity in your property you may be able to do this before you have a sale on your existing property. And in some cases the repayments can be added to the loan amount, so that you dont have the burden of two home loan repayments. |
