Bridging FinanceBridging finance is a short term loan to provide temporary financing until more permanent finance can be found.
Bridging finance is a short term loan to provide temporary financing until more permanent finance can be found. As such, it a useful source of funding for a variety of purposes.
Closed bridging occurs when the long term finance is already in place, but the funds will not be available within the required space of time. A typical example of this is where exchange of contracts needs to take place on the purchase of a property, but the long term finance will not be available until the proposed completion date.
Open ended bridging is where the repayment source is known, but is not guaranteed. Again, an example of this is where a property will be sold to pay for the bridge, but there is no indicative date as to when the property will be sold.
Top Mortgage Solutions does not deal directly with Bridging Finance and your details will be passed on to one of our trusted associates for full details and applications.