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Recommendations for Bridging Loan
Feefmac
Posts: 9 Forumite
A google search for Bridging Loans brings up a whole host of companies I've never heard of - can anyone advise of a company or broker I could use to find a reliable one?
I only need the loan for up to a month to cover the period between the purchase of my new house and the sale of the old one. I don't currently have a mortgage. The loan would be for under £100k.
Advice welcome!
I only need the loan for up to a month to cover the period between the purchase of my new house and the sale of the old one. I don't currently have a mortgage. The loan would be for under £100k.
Advice welcome!
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Comments
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@feefmac That's just a function of the market, the bridging space is super competitive! MSE forum rules don't allow me to point you to any specific firms (but perhaps other forumites will recommend) but I would recommend just speaking to a couple of brokers that come up on a google search and getting a feel of the costs involved.
Alternatively, depending on the details you may also be able to access non-bridging short-term chain-break finance options offers by a couple of traditional lenders (mostly smaller building societies) which are have more criteria to meet but will cost less than a bridging loan would.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.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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Mate, is there anything they haven't helped you with?Going by your post history all you seem to do is signpost this mortgage adviser who has supposedly helped you with a normal mortgage, shared ownership mortgage and now a bridging loan.Are you sure you're not them?3
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