Introducing Natalie Whittaker our Mortgage & Protection Case Manager
6 July 2023Natalie supports our mortgage broking team progressing mortgage applications to ensure we continue to offer excellent client service to our clients.
Bridging Mortgages
The short-term finance solution when you need it most, to secure your dream move or invaluable investment opportunity.
Speak to a mortgage adviserA bridging mortgage or bridging finance can be an ideal option for short term financial cover. For example, you could be in the process of securing your new home, but still needing to sell your current property, with a chain threatening to collapse. Securing the new property is essential, a bridging mortgage provides the headroom to sell your existing home.
Bridging Finance Options
There are two types of bridging finance you can consider, Open Bridging or Closed Bridging.
Open Bridging finance provides the funds on a basis that does not have a fixed repayment date. However, there is normally a maximum term time of 12 months to repay the loan in full.
The Closed Bridging option means that there is an agreed fixed date that the loan will be repaid, so is less flexible than the Open Bridging option.
For both types of bridging finance, it is important to plan your repayment exit strategy. Lenders will need reassurance that you are in a position to take on the funding and are able to repay it in full and on time. Therefore, your plan needs to be realistic and wherever possible you should have a back-up plan in case of any unforeseen changes to your main exit strategy.
This is where our specialist mortgage brokers can help. We can assess your finances and affordability, then help you plan your exit strategy. We have access to an extensive range of specialist lenders, proving the most competitive rate bridging loans, ensuring that you have the most appropriate solution to meet your specific needs.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Ready to find the perfect mortgage?
Contact our Mortgage Advisers and we’ll find the perfect mortgage for your situation. Complete this form or call 01462 510 400.
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“Rachel, Gemma & Cade helped with my Buy to Let Mortgage, they are very dedicated and helpful. Thank you for being so wonderful and gracious to me during the entire process! Thank you from the bottom of my heart for all of you. It has been a pleasure to work with all of you!”
“Mark, Gemma and the team helped me secure my mortgage on my first home. What I thought was going to be a stressful process, any worry was eased with the brilliant communication and knowledge at each stage. Extremely thankful for the excellent service, would highly recommend!”
“Fortune have arranged mortgage and associated insurances over the last six months and I've had nothing but positive experiences. They're extremely customer focused with each product tailored to me. The professional advice was a huge advantage and it was great to have the hassle of researching and comparing done for me.”
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