For bridging loans GBP Financial Solution are credit brokers, not lenders.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Bridging – who is it for?
Bridging is most useful if you need money for a short time and if you are in a hurry to get it. They usually take up to 10 days to arrange and are most often used:
- When you wish to buy a new house but the old one hasn’t sold yet (i.e. you are stuck in ‘a chain”)
- When you are about to buy a property in an auction, and will have to pay a deposit
- While you are waiting for a mortgage or buy-to-let mortgage