What's a bridging loan?

• You borrow the necessary sum for the purchase of a property.
• You pay off the loan only for a few months that are necessary to sell the old property or to finish the renovation of the new one.
• You sell your old flat and pay off the entire loan or else a certain portion of it.

Is it worth taking a bridging loan?

Advantages of a bridging loan:

• Instalments payable only for a few months
• No multiple removals
• No need to rent property or impose one's presence on the family
• No rush or stress

Also check other forms of financing property purchase! Financing!