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Bridging Finance

Sometimes you may be in a position where you are waiting for some cash inflow, maybe from the sale of an asset. But until you receive this money, which can sometimes take a few months, you are unable to purchase another asset. This is where short term bridging loans may help you.

The most common example is that you may have bought a house, maybe at auction, but you can not pay for it until the sale of your old house has completed. In this situation you may apply for a Bridging Loan to help with cashflow until the sale of your old house has been settled. Bridging finance is also commonly used commercially.

Other common uses for bridging loans:

 

 

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR DEBT SECURED ON IT