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Bridging

Bridging loans are a form of short-term finance that can ‘bridge the gap’ between purchasing a new property while selling your existing property.

Bridging is ideal for situations where you are ready to move into your new home but are struggling to finalise the sale of your current home, as the Bridging loan would pay the difference while you wait for the purchase of your current home to finalise. For example, you may have purchased a property at an auction and need immediate funding while you organise the sale of your current residence, or you may need a short-term solution to cover renovation costs on your property whilst you are organising a remortgage. Bridging can also be used as an alternative to Self-Build mortgages, as they are often simpler to arrange.

What you need to think about

When taking out a Bridging loan you should carefully consider if it is within your affordability to do so. Bridging loans can be reasonably expensive, so you must be sure that you keep up with repayments. Before taking out a Bridging loan you should make certain that you have thoroughly planned your repayment strategy and have a secure plan in place so that you can exit the loan without incurring any debt. Our friendly team of experts can help you ensure that you have adequate plans in place.

Some Bridging Finance is not regulated by the Financial Conduct Authority.

At Saffron Mortgage Finders our clients are at the heart of everything we do.

We bring with us many years experience, helping our clients navigate the options available to them through clear information and guidance for their mortgage and protection needs. With access to products from over 50 of the UK's best known lenders & providers, we can ensure we find the right outcome for you. With reduced fees for Saffron Building Society Members.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE