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is there such a thing as a "bridging" mortgage?
tostaky
Posts: 130 Forumite
something you could use between the buy of new property and the sale of your old property?
or does one really need to sale before buying?
or does one really need to sale before buying?
0
Comments
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Bridging finance tends to be expensive and should not be entered into lightly. You need to ensure you have a solid exit from the bridge. Sale of a property to repay is an exit but could go wrong if the property takes too long to sell. You would also need to find a large deposit for the purchase.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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