Hi , Does anyone know if it is possible to get a bridging loan where there is no mortgage involved. Someone said that banks wont do Bridging unless there also have the mortgage.
Hi, Suppose ,for the sake of argument, that the sale proceeds from my own house are delayed ,say two months, but I'm committed to close purchase of new house now, in that case I would need bridging. Where would I get bridging when there is no mortage involved either on my home or needed on the new home.
Hi, Suppose ,for the sake of argument, that the sale proceeds from my own house are delayed ,say two months, but I'm committed to close purchase of new house now, in that case I would need bridging. Where would I get bridging when there is no mortage involved either on my home or needed on the new home.
Lenders are not really interested in lending for such a short period at mortgage rates but your bank should be able to loan you the money at a higher rate. You need to call them.
Hi Sarah, I dont think the bank would lend 400K to someone on a pension. Anyway , how could I possibly afford interest on 400k ? Its seems that my only way out is to sell first ,either rent or squeeze in with married siblings and then buy. Thanks for your help