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Bridging Loans
thaibox
Posts: 1 Newbie
Hi,
Can anybody give me any advice on Bridging Loans, apart from don't do it. I may have to bridge shortly as I've just seen the house I've been looking for but have not sold my own yet. After visiting my local bank, I got a bit of a shock at the rates for bridging and also the arrangement fees. Can anyone offer any advice on how to find the best deal if you have to apply for a Bridging Loan.
Can anybody give me any advice on Bridging Loans, apart from don't do it. I may have to bridge shortly as I've just seen the house I've been looking for but have not sold my own yet. After visiting my local bank, I got a bit of a shock at the rates for bridging and also the arrangement fees. Can anyone offer any advice on how to find the best deal if you have to apply for a Bridging Loan.
0
Comments
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you know the house you want to buy? why dont you try a buy to let mortgage and when you sell your existing home then convert mortgage into a standard one?
if the outgoings are still too high, you could let your new house to cover interest until you sell.
just an idea"enough is a feast"...old Buddist proverb0
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