Many people find themselves in the position of needing to fund a house purchase quickly. Whether buying at auction or having found your ideal home but not yet having sold your current property, bridging finance offers a solution. With rates having reduced significantly over the last few years, bridging loans are more affordable than ever.
The Financial Conduct Authority does not regulate some aspects of bridging finance.
JLM Mortgage Services and its affiliates do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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What our clients say...
Case Study:
Bridging Finance
Mr and Mrs M had found their perfect retirement home in a road where very few properties ever came up for sale. Whilst they had secured a buyer on their own home almost immediately, their buyer had a chain below them, meaning that their transaction would take 3-4 months to go through. As the sellers of their new house were unwilling to wait Mr and Mrs M were in danger of losing it. SolutionDue to increased competition in the bridging market, JLM arranged a bridging loan without monthly repayments and on a far lower rate than the clients expected. As there were no early repayment penalties, the loan and interest was repaid in full once their house sale completed. |
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