Closed-Bridge Loans

Short term finance to bridge the gap between the sale of one property and the purchase on another.

Specialist "closed" bridging loans describe when a short term finance solution is required to aid the purchase of your new home, whilst you await the competition of your existing home.  This provides the lender with assurance that the loan will be repaid in a short period of time.

 

Bridging loans normally run for 6 months and generally, you are only charged for the amount of time it is used for.  For example if you sold your house after 2 months, you would only pay for the bridging facility for those 2 months.

 

Due to the nature of this type of finance, it is important that you speak to one of our mortgage experts at the earliest opportunity.  Typically, this type of finance is required quickly so selecting the most appropriate lender who can work at the speed you require is imperative.

Apply Now!

By submitting this form you agree to transfer personal data in accordance with our Privacy Statement

Ask Expert

Other Types of

Auction Finance

Legal Information

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOAN SECURED UPON IT.

 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.  REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. 

 

 

The Money Bee, which is a trading style of Mortgage and Loans Limited, based in Stafford, (Financial Services Register number is 757812).

Terms and Conditions

There may be circumstances where we need to charge a fee.  In these instances, we will notify you at an early stage which could be £125 upon application and an arrangement fee up to £495, or £995 for specialist mortgages, on receipt of the mortgage offer.

 

Parkfield Business Centre, Park Street, Stafford, Staffordshire, ST17 4AL

Telephone 01785 878 555

Follow Us

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon

Contact Us

Parkfield Business Centre, Park Street, Stafford, Staffordshire , ST17 4AL