A Bridging Loan is available to borrowers who wish to purchase a new home now and sell your current home later. These loans are especially helpful to ‘bridge’ the gap between the sale of one property and the purchase of another.
The interest rate on a Bridging Home Loan is usually the same as a Standard Variable Rate Loan.
A Bridging Loan ensures that the borrower will not miss out on a desired property because they haven’t sold the current home.
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