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Cheap Bridging Loan - Is there such a thing?
Yes ... let me explain further as it depends on why you are using a Bridging loan.
The obvious use of a Bridging loan is to raise money quickly for a deposit on a property you are buying, as the sale of your existing house hasn't yet completed, or for some reason, will be delayed...
Bridging Loan for Property
A Bridging loan has many advantages in that it is only for a short period of time and the means to pay it back are usually in place. This type of loan can be done in a matter of days not weeks with little consideration to the client's credit history.
Short Term Bridging Loan
You can't complete because you haven't yet completed on the sale of your current house. The answer to this riddle is to take out a Short Term Bridging Loan for the property you want to buy.