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How do I get a mortgage after a 'bridging' loan?
Comments
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As I said, some lenders will have issues. Others will not.
You can either call around the various lenders/check their criteria or speak to a broker.
Just to give you an example, relatively similar in some ways but not others... I had an enquiry last week, couple withdrew money from their company account to purchase a property. They then wanted to raise money against it to pay the company back.
Only 2 companies would accept it.
None of the high street lenders would.
So there will be options, but there will be some lenders not interested in it - some say anything legal.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 -
ACG has hit the nail on the head in his last sentence. I can see quite a few lenders not wanting to do it but some will lend for "any legal purpose" . Speak to a broker who should be able to sort this for you.0
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