Do you want to sell a property because you have spotted your dream home for sale, in the right location, with an extra room for a home office and within your price range? You may not find a buyer for your existing property, which means losing a chance to purchase your dream home. A property chain depends on several things happening on time and plans running smoothly. Once a chain of buyers and sellers is created, the selling process can be slowed down and liable to break. That is where a bridging loan comes in. You can take out such a loan to complete the purchase of the property before the sale of the existing one. According to research, 20% of the bridging loans are used to fund property linked finance . With the increase in property rates in the UK, the demand for bridging loans has also increased. You can get it from direct bridging leaders, p2p lending platforms, or brokers. You may be wondering how bridging finance can help you in fixing a broken property chain. Here we are go
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