A Bridging Loan could help you buy a new home before you’ve sold your existing one. It is a special type of short-term loan designed to cover the purchase price of a second property and give you time to sell your existing property, even if you already have a mortgage. A bridging loan avoids having to rent somewhere because you’ve sold your current home before finding a new one. Generally, a Bridging Loan is an Interest Only loan for 12-month period. However, there are many aspects to this type of loan that may need to be considered before applying for a bridging loan.

At Viable Finance we will assist you by providing the necessary information and then doing a comprehensive analysis to provide you options that meets your requirements. Once you decide to proceed with a suitable product, we will prepare the application in consultation with you and seek Lender’s approval so that you can fulfil your vision.