We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

How do I get a mortgage after a 'bridging' loan?

2»

Comments

  • ACG
    ACG Posts: 24,788 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    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 Adviser
    You 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.
  • Leon_W
    Leon_W Posts: 1,813 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.