What is a regulated bridging mortgage?
We offer two types of regulated bridging mortgages:
- The first type of regulated bridging mortgage we offer helps you to secure the home of your dreams, whilst the sale of your old property is going through. Delays in selling a property can tie up the capital you would like to use to purchase a new home. Our regulated bridging mortgage helps you to secure the new home quickly by providing the finance needed in the short term. Once the sale of the old property is complete, the capital is used to pay off the regulated bridging mortgage.
- The second type of regulated bridging mortgage we offer allows you to make refurbishments to your current or new property. This enables you to refurbish your old property for a quick sale or if you are purchasing a new property that requires refurbishment, this mortgage allows you to make the necessary improvements before moving in. Again, once the sale of the old property goes through, this will be used to pay off the regulated bridging mortgage enabling you to secure a longer-term finance option.