understanding financial jargon
A short term loan designed to cover the costs of temporarily owning two properties (the one you're buying and the one you're selling) in order to help the property chain move. Because of the short term nature of the loan, interest rates will be higher for a Bridging Loan than a normal mortgage.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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