What is Property Bridging Finance
Property bridging is a way of selling your property and then using the money to purchase another property. This allows you to take advantage of the capital gains tax (CGT) exemption that applies when selling your first home.
How does bridging finance work?
Bridging finance is a common method for financing real estate projects. This method involves borrowing money from a bank at an interest rate of three percent, and then paying back the loan with your property taxes. You can also get a second mortgage on your house to pay off the first one if you want to.
What does bridging finance cost?
To determine the cost of bridging finance, it’s important to understand its purpose. Bridging finance is a type of loan that allows you to pay off your existing mortgage loan and keep moving toward owning your home.
How do I apply for Bridging Finance?
To apply for bridging finance, fill out the appropriate application form. The form will ask you to list all your assets (including bank accounts and stocks) as well as your debts (including student loans and credit cards).
How long does bridging finance take?
In the average case, it can take up to 30 days.
Get in touch with our highly experienced bridging finance team today to discuss your bridging finance requirements, covering all of the UK.
Bridging Rates - Bridging Finance rates available from 0.4% per month.