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Alternative to Bridging loan?
Avalon2000
Posts: 1 Newbie
We have found a house we want to buy, but the seller wants a quick sale.
My deposit is tied up in my old house (mortgage ends in 4 years), (which is on the market but no offers yet). My bank (HSBC) dont do bridging loans, and its been 20 years since i moved house before - can anyone advise me what options are available. thanks
My deposit is tied up in my old house (mortgage ends in 4 years), (which is on the market but no offers yet). My bank (HSBC) dont do bridging loans, and its been 20 years since i moved house before - can anyone advise me what options are available. thanks
0
Comments
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other lenders do bridging loans, they're expensive though. Could you not raise a further advance on the old property?Happily an ex mortgage broker!0
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