A bridging loan is taken out to ‘bridge’ the gap between the purchase of a new property and the sale of an existing one.
Protection
How much cash would your family need to maintain their current lifestyle if you die prematurely?
More InfoMortgages
Unlock the door to your dream home - find the right mortgage for you
Your property may be repossessed if you do not keep up repayments on your mortgage.
Most buy to let mortgages are not regulated by The Financial Conduct Authority.
Some Bridging Finance & Second Charge Mortgages are not regulated by the Financial Conduct Authority.
Most buy to let mortgages are not regulated by The Financial Conduct Authority.
Some Bridging Finance & Second Charge Mortgages are not regulated by the Financial Conduct Authority.
These types of mortgages are designed for property investors and private landlords, who do not intend to live in the purchased property but will let property to tenants.
Before you choose a specific deal, you need to decide what type of mortgage is the most appropriate for your needs.
Equity release can help people release cash (equity) in their homes for a particular purpose, like supplementing retirement income.
A lifetime mortgage is not suitable for everyone, and it is important to seek financial advice before taking any action. All other options available should be explored before choosing equity release. Interest is charged on both the original loan and the interest that has been added, the amount you owe will increase over time, reducing the equity left in your home potentially to nothing. Please discuss with your family and beneficiaries.
People buying their first home often have specific needs when it comes to finding a mortgage. A range of mortgages exists specifically for this market sector.
With options for overpayment and payment ‘holidays’, a flexible mortgage can make the traditional 25-year British mortgage look rather old-fashioned.
An offset mortgage enables you to use your savings to reduce your mortgage balance and the interest you pay on it.
Remortgaging means switching your mortgage to another deal with another lender without moving property.
Second charge loans can be secured against residential or Buy to Let properties.
These are mortgages suited to people building a new home. With a self build mortgage, money is released in stages as the build progresses.
UK News
The possibility of a change of leadership in the UK has unsettled some investors and sent bond yields higher.
The key measure of US inflation rises its highest level since May 2023 as consumers feel the impact of the Iran war.
The online auction giant said it doubted how the video game retailer would finance its offer.
The effective closure of the Strait of Hormuz has severely disrupted global supplies of energy and petrochemicals.
From 12 May, only learner drivers can book their own tests, not instructors.