A short term, high value loan, usually used to purchase property before existing property is sold
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http://www.encyclo.co.uk/local/20202
This is a short term loan provided by a bank or building society which covers you if you need to pay for your next home, while still waiting for the money to come through from the sale of your current home. If you do require one of these, you must ensure that the funds to repay the loan will be in place when the loan period expires.
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http://www.encyclo.co.uk/local/20452
A short-term secured loan which is often used to cover or bridge the gap between the purchase of one property and the sale of another. The rates of interest charged are often high, hence why this is a short term and not a long term solution to any gaps.
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http://www.encyclo.co.uk/local/20464
Loan, typically for the purchase of a house, to cover the period between the purchase of a new house and the sale of the old house. Most home buyers try to avoid taking out a bridging loan, because...
Found on
http://www.encyclo.co.uk/local/20688
Short term loan to facilitate the purchase of one property prior to the sale of another releasing funds that are required for the purchase. Professional advice should always be taken prior to considering any bridging finance as it can be a solution which is worse than the problem.
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http://www.encyclo.co.uk/visitor-contributions.php
This is a short term loan. It is often used by purchasers of a property who need funds for a limited period of time. e.g. until they sell their existing home. Major banks and building societies can offer bridging finance, but consider all the risks before you opt for it. Consider the risks. For example, if you effectively take on a second home loan…...
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http://www.encyclo.co.uk/visitor-contributions.php
A loan organised over a short period of time until permanent funds are available. A bridging loan is usually arranged through a clearing bank, but from time to time through a building society
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http://www.encyclo.co.uk/visitor-contributions.php
A loan that financially covers the period of time between paying for a property and receiving the payment from the sale of your own property
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http://www.encyclo.co.uk/visitor-contributions.php
A loan used for a short period where there's a certainty of repayment from a specific event such as the sale of fixed assets.
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http://www.encyclo.co.uk/visitor-contributions.php
A bridging loan is a loan taken on a short-term basis to bridge the gap between the purchase of one asset and the sale of another. It is particularly common in the property and housing market.
Found on
http://www.probertencyclopaedia.com/browse/JB.HTM
This is a short-term loan to cover what will eventually be covered by long-term finance. Sometimes a Bridging-loan is required by purchaser of a property who hasn
Found on
https://www.encyclo.co.uk/local/21538
No exact match found.
